Cottage

Description

In neighborhood D, at 55 Yochanan Horkanos Street, a 200 sqm cottage in a prime location, just about five minutes from Ben Gurion University. The property is divided into three units: Unit 1 - 2 rooms + 40 sqm yard, rented for 2,600 NIS per year. Unit 2 - Mamad + living room + 15 sqm balcony, rented for 2,700 NIS per year. Unit 3 - top floor, 2 rooms + 2 balconies (10+25 sqm), rented for 2,650 NIS per year. Total monthly income of 8,000 NIS, which amounts to 96,000 NIS annually. This offers over 7% yield and 23% return on equity. The asking price is only 1,370,000 NIS!!!