+371 291 02085
image-167
Property Search in Latvia
Transaction
Object
Type
House type
Location
Street
Rooms
from
to
Size
from
to
Price
from
to
ID
or
Get property matches
Fast, free and convenient property search in Latvia
Get property matches

House ownership in Riga center for sale!

SOLD

Alina Merca

Rental and Sales Associate

+ 37129642499
Whatsapp
Telegram
[email protected]

By submitting this form, you agree with User's Agreement
ID : 9125
Location: Riga / Centre / Stabu  
House type: Historical building
Floor: 4
Size: 980 m2
Land area: 566 m2
Price: SOLD
Year built: 1920
Internet
TV
Parking
Description
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.


Open map

Loan Calculator
Currency Converter

Alina Merca

Rental and Sales Associate

+ 37129642499
Whatsapp
Telegram
[email protected]
By submitting this form, you agree with User's Agreement

Subscribe to our social networks

In order not to miss exclusive offers and up-to-date information in the field of real estate, relocation and investments.


Feedback from our clients

Never Miss a Story!

Subscribe to our newsletters and get the top real estate news.


Close