Apartment for sale, Dzirnavu street 115A, Centrs / 230000€

Property description

Investment apartment for sale in the very center of Riga – Dzirnavu iela 115A.

The apartment is located in a quality pre-war building with high ceilings (3.20 m). The building is situated in a closed courtyard, ensuring peace and quiet despite being in the city center. Free parking is available for residents in the courtyard.

The total area of the apartment is 117 m², located on the 3rd floor. Three years ago, the property underwent a full capital renovation and redevelopment, which has been officially commissioned. During the renovation, all communications were completely replaced – new electrical wiring, new water supply and sewage connections.

After the redevelopment, the apartment was divided into 4 fully functional studio apartments, each with its own kitchen and bathroom. All units are fully furnished and equipped with the necessary household appliances.

Currently, all four units are rented out on a long-term basis, providing stable monthly income.

Total rental income: 1570 EUR per month.

The property is suitable both for continued stable long-term rentals and for short-term rental business, where the potential return can be significantly higher.

Excellent location in the center of Riga with well-developed infrastructure – shops, restaurants, public transport, parks, and all essential amenities are within walking distance, making it ideal for comfortable living or a successful rental investment.

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