Four apartments in a building in the Hatikva neighborhood of Tel Aviv were recently sold to investors for 5 million shekels. The apartments, which constitute 70% of the building, are in a condition requiring significant renovation, and therefore have not generated income for the heirs, who are the property owners. The heirs, who are heirs from a kibbutz in the north, struggled to maintain the properties and pay the required property taxes. The broker in the deal noted that investors see growing potential in the neighborhood, especially in light of planned urban processes, such as resolving registration issues at the land registry and the activation of the purple line of the light rail. The investors intend to renovate the apartments and rent them out, hoping to profit from their investment. The deal reflects the increasing attractiveness of less developed areas in Tel Aviv, as investors identify opportunities in the local real estate market.