For Sale in Eilat – 2-Room Apartment with Sea View & Balcony 🌊

Front-Facing Investment Property with Existing Tenant

An excellent opportunity to purchase a front-facing 2-room apartment at Palace Towers in Eilat, Israel, featuring a private balcony with sea views.

The apartment is located on the 5th floor of a building with elevators and is currently rented, providing immediate rental income to the owner.

🏠 Property Details

2 rooms
5th floor
Front-facing apartment
Private balcony
Sea view
Building with elevators
Registered in the Israeli Land Registry (Tabu)

💰 Income-Producing Investment

The apartment is currently rented for ILS 3,500 per month, excluding electricity and water, which are paid by the tenant.

Monthly rent: ILS 3,500
Annual rental income: ILS 42,000
Building maintenance fee: ILS 558 per month
Electricity and water paid separately by the tenant

At the asking price of ILS 800,000, the current rental income represents a gross annual yield of approximately 5.25%, before expenses.

🌊 A Property with Added Value

Unlike standard apartments in the building, this property is front-facing and benefits from a balcony and sea view – features that add significant appeal for both investors and future owner-occupiers.

📍 Location – Eilat, Israel

Palace Towers is located on Queen of Sheba Street in Eilat, with convenient access to shops, services, entertainment, beaches and the city's main attractions.

An attractive opportunity for international buyers looking for an affordable investment property in Eilat with an existing tenant, rental income, balcony and sea view.