Investment object For Sale, Čiekurkalna 6. šķērslīnija street 17, Rīga, Labais krasts, Čiekurkalns / 225 000 €

Spacious Residential Investment Property with Large Land Plot for Sale in Čiekurkalns, Riga

An excellent opportunity to acquire a residential investment property with a generous land plot in Čiekurkalns, one of Riga’s greenest and most desirable neighborhoods. Known for its historic charm, peaceful surroundings, and well-developed infrastructure, Čiekurkalns offers convenient access to the city center and other parts of Riga.

Zoning: Low-Rise Residential Development Area (DzM3)

Property Details

• Building area: 283 m²
• Land area: 1,644 m²

Property Features

• Two-story residential building with masonry and timber construction
• Five separate apartment units – ideal for renovation and subsequent rental or resale
• Basement and attic space available, offering additional storage or redevelopment potential
• Three chimneys
• Vinyl siding exterior finish

Condition
The property is in relatively good condition and does not require substantial initial investment. The staircase/common areas are well maintained, and several apartments have already been renovated and equipped with private bathrooms.

Investment Highlights

• Large land plot with further development potential
• Attractive location in an area with steadily increasing property values
• Opportunity to create either a historically restored or modern residential project
• Excellent investment potential through rental income or resale after renovation
• Flexible redevelopment opportunities for investors and developers

This property combines prime location, solid existing infrastructure, and significant development potential, making it an outstanding opportunity for investors, developers, and long-term property owners seeking value growth in one of Riga’s most promising residential areas.