Revenue house 951 m² in Riga, Latvia

Latvia, Riga
Archive cost $694,265
Sold or out of date
Updated at: 21/07/2025

Location

Country: Latvia
City: Riga
Address: Aiviekstes iela, 11

Property parameters

Total area: 951 m²

Description

We offer a project that can be used as a modern hostel for students or sold as an investment project.



The building is located next to three famous universities:



https:/ /bsa.edu.lv/index.php/en/

https:/ /www.szf.lu.lv/

https:/ /www.isma.lv/en/contact-us/



Based on the developed project, it is possible to create 32 apartments of 15 to 35 m2, which are ideal for students.

All apartments have high ceilings (3.6 m) with the possibility of creating a recreation area on the second level.

The historic building has its own spirit and atmosphere, which allows you to create an outstanding project.



The total area of the building after the renovation is 951.84 m2, the living area of apartments is 843 m2.



The living area of the 1st floor is 282.54 m2, the total area is 46.94 m2, a total of 329.48 m2.



The living area of the 2nd floor is 274.11 m2, the total area is 33.48 m2, a total of 307.59 m2.



The living area of the 3rd floor is 285.73 m2, the total area is 29.04 m2, a total of 314.77 m2.



After the implementation of the first stage of the project (renovation of the existing building), it is possible to build another building (1000 m2 gross).

Area of land: 1859.00 m2

Access roads and platforms: 360.00 m2

Occupied parking spaces: 270.00 m2

Building density: 26.10%

Intensity of construction: 74.55% (max. 220%)

Free territory: 40.02% (min 40%)

Location

Latvia, Riga
Education
Grocery stores
Food & Drink
Finance