Property search
Mercury Group

Unique offer - a household with 12 studio apartments in Riga centre for sale

  • Latvia, Riga, Centre
  • Pernavas

Not all offers from our rich portfolio are uploaded to the web-site.


If you have not found properties according to your request - send us a request - we will pick up and show you the options from the off market database as well.

Property description

ID: LV-70849
  • Latvia, Riga, Centre
  • Pernavas
Object type
Commercial apartment building
House type
Renovated house
Area
581.30 m2
Category
For sale
Price per m2
€ 1 720
Price
€ 1 000 000
Currency calculator
From
To
Unique offer - Home ownership in a very advantageous location, almost at the very intersection of Pernavas and Alexander Chaka streets.
The household includes:

- 12 studio apartments

- 4 rooms on the ground floor, which are perfect for a small private clinic, beauty salon, solarium or hairdresser - 110 sq.m,

- attic - 150 sq.m,

- 7 parking spaces.

The apartments are sold fully finished, furnished and equipped, each apartment can be rented out for 400-550 euros.

Small studio type apartments are the most in demand on the real estate market and are rented out in record time (foreign tenants, employees of international companies, students, as well as local residents coming from other cities.

The yield of a particular household is 7.96% per annum.

Very favorable location - there is a large Domina shopping center nearby, where you can buy all the necessary household goods, clothes and food. Literally within walking distance is a public transport stop, without any problems you can get to the center of Riga (about 10-15 minutes) or to another area of ​​Riga.

Also nearby is Grizinkalns Park with playgrounds and slides in winter. Just a 15-minute leisurely walk is another children's amusement park with various climbing frames and slides - the Central Sports Quarter.

The building underwent a complete renovation in January 2022.

Basic parameters:

Number of rooms: 12
Floor: 3
Parking

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
  • Pernavas
Object type
Commercial apartment building
House type
Renovated house
Area
581.30 m2
Category
For sale
Price per m2
€ 1 720
Price
€ 1 000 000
Currency calculator
From
To
Ask full information about the property

By sending a message, you thereby accept the user agreement and confirm that you have read and agree to the privacy policy of this website.

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.
€ 0
€ 0
€ 0
€ 0
€ 0
€ 0
0 €
Rent Monthly Cost
0 €
Buy Monthly Cost
€ 0
€ 0
€ 0
€ 0
€ 0
€ 0
0 €
Rent Total Cost*
0 €
Buy Total Cost**
* 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 %):
0 €
Total property cost:
0 €
Social networks

Subscribe

In order not to miss exclusive offers and up-to-date information in the field of realestate, relocation and investments.

Would like to receive the best website experience? Agree to our Cookie policy.