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Mercury Group
House with apartments in Riga.
- Latvia, Riga, Centre
- Brivibas (Centre)
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Property description
ID: LV-68265
- Latvia, Riga, Centre
- Brivibas (Centre)
Object type
Commercial apartment building
House type
Renovated house
Area
0 m2
Category
For sale
Price
€ 887 000
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A unique offer - a compact home ownership in Riga with 11 studio-type apartments, the house was reconstructed.
The layouts are thought out in such a way as to use the area as profitably as possible, low utility bills.
Each apartment can be rented out for 400-450 euros.
Small studio apartments are most in demand on the market and are rented out in record time (foreign tenants, employees of international companies, students, as well as local residents coming from other cities.
Possible yield of 6-7% per annum.
The layouts are thought out in such a way as to use the area as profitably as possible, low utility bills.
Each apartment can be rented out for 400-450 euros.
Small studio apartments are most in demand on the market and are rented out in record time (foreign tenants, employees of international companies, students, as well as local residents coming from other cities.
Possible yield of 6-7% per annum.
Basic parameters:
Number of rooms:
11
Floor:
4
Location on Map
Residence permit could be obtained through the property purchase. Leave your request in order to get more information about Residence Permit.
- Latvia, Riga, Centre
- Brivibas (Centre)
Object type
Commercial apartment building
House type
Renovated house
Area
0 m2
Category
For sale
Price
€ 887 000
Currency calculator
From
To
Ask full information about the property
What you should know, purchasing a property in Latvia
Buy vs Rent Calculator
To help you decide whether it's better to rent or buy a home, this calculator compares the costs associated with buying a property to your equivalent rental costs. This calculator will also help to investors to preliminary calculate the
return on investment and capitalization from sale of real estate.
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* After 1 year you check out and loose 0 EUR
** After rental period you check out, own your property, and:
1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or
2. resell and get the invested money + capitalization profit
In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
Loan left (without loan %):
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Total property cost:
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