House 90 rooms 3 176 m² Riga, Latvia

Prime Investment Property in Riga City Center – 7-Story Building with Stable Cash Flow Address: Intersection of Brīvības and Miera Streets, Center, Riga Total Building Area: 3,176.3 m² Land Area: 875 m² (owned) An excellent opportunity to acquire a historic pre-war residential and commercial building in the active business center of Riga (architect Ērihs Gustavs fon Betihers). The property is fully tenanted, generating a steady cash flow. A significant advantage – there are no Soviet-era rental agreements in place. Property Layout & Details: Residential Area (2,004.8 m²): 19 apartments, currently leased to short-term tenants. The apartments are in varying technical conditions. Commercial & Office Space (617 m²): Retail and office spaces located on the ground floor and basement (areas: 86.2 m², 376 m², and 150 m²). These spaces have recently undergone cosmetic repairs. Additional Income: Paid visual advertising space is leased on the exterior wall of the building. Technical Solutions & Utilities: Heating: Connected to the central city heating network and gas heating. Utilities: Central city water supply and central sewage system. Construction: Reinforced concrete foundations, silicate brick exterior walls, wooden floors/ceilings, wooden windows. The building is in satisfactory technical condition. Infrastructure & Extras: A closed courtyard (150 m²) providing parking space for 7 cars. Prime location with high pedestrian and vehicle traffic, surrounded by shops, cafes, and excellent public transport links. For more information regarding the cash flow or to schedule a viewing, please contact us!