The Israel real estate market continues to be hot, and the deals in the north cannot be beat. Now is the perfect time to plant your investment monies in the fertile land of northern Israel. And, there is no better place than the Holy City of Tiberias, along the shores of the Kinneret (Sea of Galilee). The city of Tiberias is alive with new construction and is becoming the city of choice for new residents and investors. From efficiency apartments to large villas, you can find just about anything to suit your desires in Tveria and the surrounding communities of Migdal, Poryia, Kfar Tavor, Yavne’el, and others.
This is a unique property filled with possibilities. It is a very spacious villa, in a prime location in Tiberias, with ample room for growth. The villa sits on one dunam of land and is currently 200 sq meters, with a 50 sq meter separate unit in the basement. There is an option to build another two floors above and to close the bottom space (the house sits on pillars) and make more apartments or zimmers. Plus, the property includes 4 billboards that serve as a fence for the house and protect it from the street. These billboards are on the property and are leased at a rate of 25,000 shekels per year—easy money! The villa has three very large bedrooms, two full bathrooms and two half bathrooms. The kitchen is very spacious and filled with light. There are many built-ins, such as the oven, stove, and refrigerator and is furnished with special cabinetry, sufficient to hold all your dishes, pans, and appliances. There is a double sink and beautiful stone countertops. The kitchen exits to the patio and gardens. The salon and dining room are also very spacious. In fact, spacious is the theme for this beautiful gem in a most desirable neighborhood of the city. The dining room also exists to the gardens and patios. There is a special, gorgeous brick design in the hallway leading to the bedrooms. A very large balcony is off the second floor, from where you have a gorgeous view of the city and Kinneret. The grounds are filled with trees, gardens, special play areas, a succah and lots of space for additions. The 50 sq meter basement unit provides you with immediate rental income, or a great place for family and friends when they come to visit. This house has so many possibilities. Only your imagination will limit what you can do here. It is a great price for a home on one dunam of land in the city of Tiberias.