Completely renovated building with beautiful facade and inner yard.

About object

Description of terrain

Old city of Riga is just a 5 minutes drive and the busy office and shopping in downtown Riga, is just 5 minutes walking distance. In a mere 20 minutes you can drive and be on the highway road heading to the beautiful cozy beach resort of Jurmala, which is situated on the peaceful seashore of the Riga Gulf.

Building description

Completely renovated building with beautiful facade and inner yard. 2 garages and 7 parking places.

Description

Investment for sale – Elegant apartment building, all rented – in the centre of Riga. 56 apartment complex fully reconstructed, fully leased and in order. 8% investment return if purchased with ½ bank financing and higher return if mortgaged higher. The perfect investment with high current return and to benefit from increases in real estate prices in Riga. A unique building and one of few with no Soviet time contracts and all owned by one owner.