Exclusive Sale at Almog Residence – 1-Room Investment Apt, Rented via Management Co.

💰 Asking Price: ₪520,000

An exclusive investment opportunity! A 1-room apartment at Almog Residence on Mishol HaTalmud Street in Eilat. A simple, hands-off investment with no day-to-day tenant hassle.

The apartment is on floor 1 of building 9. It is rented under a long-term agreement through the complex’s management company, which rents the units as housing for tourism-industry workers, including hotel staff and students who work in Eilat hotels. The management company finds tenants, collects rent, and remits it to the owner. Per the agreement, rent for 1 Nov 2026–31 Oct 2029 is ₪1,720 per month, and the owner is exempt from management fees for the entire rental period.

Key features:

• 1-room apartment – 38.2 m² (management “standard” sqm)

• Floor 1, building 9 at Almog Residence

• Rented via the management company at ₪1,720/month, agreement through 31 Oct 2029

• Exempt from management fees for the full rental period

• Building insurance through the management company

• Registered with a mortgage company (חברה משכנת); rights certificate available

• Swimming pool in the complex

For investors:

Contract rent is ₪1,720 per month (₪20,640 per year), about 4.0% gross annual yield on the asking price. Day-to-day management is handled by the management company.

Location:

Almog Residence is on Mishol HaTalmud Street in Eilat, a managed residential complex for tourism-industry workers in the city.

A fit for an investor looking for an income property at a modest budget.

💰 Price: ₪520,000For details and viewings: Korenfld Properties