Investment property, Vaļņu street, Vecrīga / 800000€850000€Reduced price!

Property description

Investment Property in Old Riga — 7 Renovated Apartments in a Historic Building

A stable investment property is offered for sale in the very heart of Old Riga — a part of a historic five-storey building, comprising the top four floors with a total residential area of 340 m². The property includes 7 fully renovated apartments that are ready to generate income immediately.
The ground floor is not included in the sale.

The building is in good technical condition. The apartments have a separate, lockable staircase, ensuring privacy and convenient management.

Income Model
Summer season — short-term rental via Airbnb
Winter season — long-term rental to international students
Possibility to acquire the property together with an active Airbnb account, ensuring continuous cash flow and business continuity

Property Advantages
7 fully renovated apartments
Building in good technical condition
Separate, lockable staircase
Immediate continuation of the existing rental business
Prestigious location in Old Riga

Location
Within walking distance:
City canal park and promenade
Picturesque streets of Old Riga
Cafés, fine dining restaurants, and shops
Fitness and shopping centers
Theatre, Opera, museums

For additional information, please feel free to call or write — I will be happy to answer any questions.

• Finishing: very good condition
• Location: river nearby, channel nearby, park nearby, shops and cafes nearby, schools and kindergartens nearby, convenient public transport
• Communications: gas heating
• Security: closed staircase

Object on the map