For Sale in Eilat – 2-Room Investment Apartment at Palace Towers

Income-Producing Property with an Existing Tenant

An excellent opportunity to purchase a 2-room investment apartment at Palace Towers, located on Queen of Sheba Street in Eilat, Israel.

The apartment is approximately 36 sqm, located on the 7th floor of a well-maintained building with elevators, and is currently rented to a security company.

Property Details

2 rooms
Approximately 36 sqm
7th floor
Building with elevators
Currently rented to a corporate tenant
Suitable for both local and international investors

Investment & Rental Income

The apartment is currently rented for ILS 2,950 per month, providing an immediate and ongoing rental income.

Monthly rent: ILS 2,950
Annual rental income: ILS 35,400
Building/management fee: ILS 550 per month
Asking price: ILS 700,000

The current rental income represents a gross rental yield of approximately 5.06% per year, before expenses.

Location – Eilat, Israel

Palace Towers is located in a convenient area of Eilat, with easy access to the city's commercial areas, services, entertainment, and main transportation routes.

A particularly attractive option for investors looking for an affordable property in Eilat with an existing tenant and immediate rental income.