Property for sale - an investment object located in Riga center, Stabu street.
The property consists of 2 buildings, that are situated on a land plot of 566 m2 - a 4-storey facade building and a 3-storey building in the yard, both built in 1920.
There are total number of 18 apartments, of which 6 are one-room apartments and 12 are two-room apartments. 15 apartments are rented out and three 2 room apartments need renovations.
All new communications are installed in the buildings - new electricity wires, plumbing and heating sistem.
The current year's return after real estate and income taxes is 7.5%. Future yield after renovation of three more apartments, based on realistic
estimates, will be 8.8%.
There is a possibility to build a roof floor for the facade building, obtaining additional living space.
4
980 m2
566 m2
