Investment object For Sale, Brīvības street 203A, Rīga, Labais krasts, Teika / 625 000 €
- Location:
- Rīga, Labais krasts, Teika
- Street:
- Brīvības street 203A
- Rooms:
- 16
- Area:
- 439 m²
- Building type:
- Renovated
- Price:
- 625 000 € (1 423.69 €/m²) ~2660 €/month
Jānis Lipša
Board member. Real estate rental, lease and sales
- Phone
- +371 29878391
- [email protected]
- +371 29878391
Property description
Property ID number: 66763
Cash-flow asset – an office building currently converted and fully operating as a short-term rental apartment project.
The property has generated stable income over several years with a proven cash flow track record.
Projected yield is approximately 8% annually, taking into account short-term rental management costs and ongoing capital expenditures (CAPEX).
- Renovated in 2020, including insulated facade;
- new heating system (Rigas siltums);
- spacious, landscaped yard for parking;
- air conditioners;
- parquet floors and wooden windows;
- access from Ropažu Street (along VEF Culture Palace);
- convenient access to the center of Riga by both private and public transport.
Cash-flow asset – an office building currently converted and fully operating as a short-term rental apartment project. The property has generated stable income over several years with a proven cash flow track record. Projected yield is approximately 8% annually, taking into account short-term rental management costs and ongoing capital expenditures (CAPEX). - Renovated in 2020, including insulated facade; - new heating system (Rigas siltums); - spacious, landscaped yard for parking; - air conditioners; - parquet floors and wooden windows; - access from Ropažu Street (along VEF Culture Palace); - convenient access to the center of Riga by both private and public transport.
Features & amenities
- Interior finish
- final finishing, parquet floor
- Equipment
- shower, air conditioner, built-in kitchen, alarm available, washing machine, plumbing installed
- Building characteristics
- wooden double-glazed windows, facade house
- Location & surroundings
- nearby shops and cafes, convenient public transport, heavy pedestrian traffic, heavy traffic
- Parking
- free parking, parking space in the yard
- Communications
- district heating, internet available, accessible television, city water supply, city sewerage
- Security
- enclosed courtyard
- Layout / planning
- bathroom and toilet together, rooms both isolated and walkable