Revenue house in Riga, Latvia

Latvia Riga Income House in the historical center Income House with commercial premises and apartments in the very center of Riga, in the historical center of the city.  Object with high liquidity. The building was completely reconstructed and updated in 2004: sewage and water supply systems were replaced, new powerful electric networks, all modern types of communications were introduced, the most economical heat supply and hot water supply system with an individual gas boiler with a counter in each individual apartment is installed. All apartments are completely renovated and equipped with furniture and expensive household appliances. In each apartment: intercom, underfloor, parquet, fireplace, security and fire alarm, ventilation and air conditioning, the most modern communication system, satellite and cable TV, programmable heating system. The building has a modern elevator. The building is a UNESCO World Heritage Site. During the restoration, much attention was paid to the preservation of the decorative decoration of the interior, ceilings, Rococo furnaces, the main staircase and original railing, as well as the original 19th century tiles. All apartments and commercial premises are leased for long-term rent. Tenants: top managers of large international companies, diplomats, travel agency, restaurant, shop. The building has another large dry basement that can be turned into a restaurant, bar, shop or club. Rental income: 26,000 € / month × 12 months = 312,000 € / year Profitability: 5.2% per annum Price reduced from 6 000 000 € to 5 950 000 €