1 bedroom apartment 20 m² Riga, Latvia

A 20 sqm Studio apartment is for sale in the heart of the city - an excellent investment opportunity.

A residential complex consisting of two five-story buildings in the modern style was built in 1908 according to the project of architect F. Shefel. The renovation project offers apartments ranging from 20 to 245 sq. m.

The apartments are sold without interior decoration and layout, allowing for renovation according to personal preferences.

Apartment:
- living room
- WC, shower
- high ceilings

A laundry room will be located on the ground floor of the building, which will save space in the apartment.

Building:
- modern-style architecture
- a 5-story building in a quiet courtyard
- the roof will be replaced and the facade decoration restored
- common areas will be renovated while preserving the historical design
- a new heating system with individual meters will be installed
- new entrance doors will be installed in the building and in the apartment
- a new sewage system will be laid, as well as new water pipes for cold and hot water
- a new electrical network will be laid
- an elevator will be installed
- the inner courtyard will be landscaped

Location:
- the building is located in the very center of the city of Riga, opposite the Radisson Blu Latvia hotel, just steps away from Esplanade Park
- surrounded by shopping buildings and stores, boutiques, fitness center, beauty salons, restaurants
- a 10-minute walk to Old Riga
- well-developed public transportation network

The project is planned to be completed and put into operation in the summer of 2025.

Investment object:
- Business class residential real estate
- Yield of 5-7% per year, Airbnb up to 11% per year
- Over 30 available apartments in the project

Call to schedule a viewing.