2.5-room apartment in a building with a signed TAMA 38 agreement, Basel district

An estate apartment in its original condition, 62.4 sqm (per certified surveyor) on the 4th floor, in a building with a signed TAMA 38 agreement that received a positive municipal committee decision. 3.00 m ceilings, a parquet-floored living room, bedroom, kitchen, bathroom and an enclosed balcony with a wooden ceiling and windows on three sides, used as an extra room. The opportunity: under the project the apartment receives a full renovation, a 7 sqm sun balcony, rent payments during construction and an option to buy parking at cost. Currently rented at ₪7,500/month (approx. 3.1% gross yield). The Basel district – among the most sought-after parts of the Old North, one block from Basel street and walking distance to Nordau boulevard, Dizengoff and Yarkon park.