4 room house 102 m² Riga, Latvia

Latvia, Riga

€70,000

€686/m²

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Location

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Country

Latvia
State

Vidzeme
City

Riga
Address

Carnikavas iela

Property characteristics

Building parameters

Rooms

4
Bathrooms

4
Total area

102 m²
Land area

102 m²

Interior details

Appliances:

Fridge

Interior Features:

Furnitured

Utilities / Green Energy Details

Water information:

Electricity:

Description

Ready-to-go business for sale with high profitability – a building with rental apartments!

Key information:
- Price: €70,000 (the price for all 4 apartments)
- Profitability: 15% annually
- Payback period: 5.9 years
Property description:
- A building with a total area of 102 m², consisting of 4 fully furnished apartments, each 24 m².
- All apartments are currently rented out.
- 2 separate entrances: 2 apartments accessible from each entrance.

Building condition:
- Fully renovated in 2019.
- New roof installed.
- All utilities replaced (electricity, plumbing, flooring).
- Heating and air conditioning provided by heat pumps – an energy-efficient solution.

Advantages:
- A ready-made business with tenants.
- Stable income from apartment rentals.( Net profit amounts to €950 after all taxes have been paid. )
- Convenient location (just 10 minutes from the property, you'll find all the necessary amenities: the prestigious Mežaparks district with its natural beauty, schools, kindergartens, shops, and a picturesque forest for walks and active recreation).

Why buy this property?
- High profitability and fast payback.
- Your chance to invest in a stable and profitable business!

Posted at: 25/11/2024

Updated at: 26/12/2024

Location on the map

Latvia, Riga

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