Apartment in Elozorov, Tel Aviv/public relations
The property:
a 2.5 room apartment on the roof of a building in the part of Arlozorov located between Ibn Gvirol and Ben Ezra.
The apartment, which has an area of 65 square meters, can be relatively easily transformed into a unique 2-room apartment with a huge sun terrace of 15 square meters.
4th of 4th floor, with a recently renovated kitchen and bathroom, without an elevator or parking, but with high ceilings and a closed balcony overlooking a green and open landscape.
The apartment is renovated, with a new kitchen and bathroom, and very bright.
Asking price:
The asking price is NIS 3.2 million, but Madeleine estimates the value of the property at NIS 3.39 million - NIS 190 thousand more.
Apartment in Elozorov, Tel Aviv/public relations
Why it's a bargain:
"The only reason for the relatively low price is the fact that the building still doesn't have an elevator," says Amit Franz from My Place, who takes care of the apartment, "but of course that won't be the case forever. It's likely that one day there will be a renovation in the building, and the elevator will come with it. Until So you can rent the apartment to young guys or those who are not afraid of stairs - in my estimation, you can get about NIS 7,500 a month for it in its current form, and even more if you invest in opening the balcony."
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Apartment in Elozorov, Tel Aviv/public relations
About the environment:
unlike the neighborhoods to the north and south of it, the central part of the old north has almost no attractions, so it is sleepy and relatively quiet.
To the west of the neighborhood are Ha-Atsamut Garden and Atarim Square, to the east is Ibn Gvirol Street, to the south is Ha'ir Garden and the City Hall, and to the north is Jabotinsky Street.
The neighborhood is characterized by low apartment buildings, about 3-4 stories high, and the municipality's policy allows building up to about 8 stories in it as part of urban renewal - so the quiet character is expected to be preserved.
It is well connected by public transportation, and the situation will improve even more with the opening of the purple and green lines of the light rail towards the end of the decade - although currently due to the light rail works there are traffic restrictions and blocked sidewalks in the part of Arlozorov Street near the apartment, but in the future the sidewalks will actually be widened, and shopping opportunities will be added to the street And it will become more lively and high-quality, with a pleasant public space and convenient mobility on bicycles and scooters, which is currently lacking in the area.
Because it is relatively far from the entertainment centers, the neighborhood is especially suitable for families who want to live in the city.
Who is suitable for:
those who don't mind climbing stairs, those who need a second apartment in the city center - or investors.
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Tel Aviv Jaffa