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Mercury Group

Leased investment object for sale in Old Town

  • Latvia, Riga, Old town
  • Kaleju

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Property description

ID: LV-29398
  • Latvia, Riga, Old town
  • Kaleju
Object type
Commercial apartment building
House type
Renovated house
Land area
90.20 m2
Area
317 m2
Category
For sale
Price per m2
€ 6 309
Price
€ 2 000 000
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Leased investment property for sale in the Old Town!

The property is located in a quiet part of Old Riga between Kaleju St., Maza Peytavas St. and Alksnau St. It consists of a land plot of 90.2 sq.m. and 5-storey building (underground and 5 above-ground floors, including two levels of attic floors). 
 
The total area of the building is 317 sq.m. There are 4 separate fully furnished and equipped apartments that are rented out for long-term and bring a stable income.
 
It is possible to purchase real estate as 100% of the company's capital.





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, Old town
  • Kaleju
Object type
Commercial apartment building
House type
Renovated house
Land area
90.20 m2
Area
317 m2
Category
For sale
Price per m2
€ 6 309
Price
€ 2 000 000
Currency calculator
From
To
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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 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.

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