Revenue house 1 403 m² in Riga, Latvia

For sale is a historic five-storey residential building in the heart of Riga, at the corner of Sadovnikova and Lachplesh streets. This is a rare offer for investors interested in stable rental income or possible renovation of the property.



Main characteristics of the object:

• 
  Year of construction: 1915


• 
  Total area: 1403 m2


• 
  Utility area: 1263.7 m2


• 
  Living area: 953 m2


• 
  Commercial area: 310.7 m2 (shop on the ground floor)


• 
  Number of apartments: 12


• 
  Number of floors: 5 above ground + 1 underground

Design features:

• 
  Wall material: Brickwork


• 
  Coverage: Iron-concrete

Engineering communications:

• 
  Central heating


• 
  Electricity supply


• 
  Water supply (hot and cold water)


• 
  Gas supply


• 
  Sewerage

Advantages and potential:

The house is historical, but does not have the status of an architectural monument.

Excellent location in a developed area of Riga with convenient transport links.

Commercial premises on the first floor.

12 apartments, all rented out.

The possibility of redevelopment or reconstruction in order to increase profitability.

In walking distance shops, schools, universities and public transport.

This property is ideal for investors looking to purchase a reliable asset in the city center with the potential to increase value and profitability.