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Apartment House In Riga, For Sale By Owners

Riga, Latvia

Property Description

Apartment house in Riga for sale by owners. Total area 725 sq m, plot area 582 sq m, 10 flats, average size - 44 sq m, 2 commercial spaces 30 and 60 sq m + large attic and basement space.
Excellent location in quiet neighborhood yet very close to city center. Public transportation, grocery stores and police station nearby. In front of the park.
Minuscule real estate tax, only 880 EUR per year. regular income from shops and tenants. Property partly vacated from tenants for easier redevelopment.
You can leave as it is - lower mid-scale residential house - no no further investments needed, steady income from tenants.
Upper mid-scale residential house - with reasonably priced refurbishment the house can be turned unto upper mid-scale residential house for increased income.
Student Dormitories - excellent location - walking distance to 3 university makes this property a desirable student housing, minimal investments needed,
Hotel or Hostel - location near city center can also be exploited by turning this property into a hostel or mid-scale hotel.

Additional Details

  • Living Space 725 m2
  • Lot Size 582 m2
  • Furnished No
  • Garage No
  • Central Heating No
  • Air Conditioning No
  • Garden Yes
  • Pool No

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