Investment property, Krišjāņa Barona street, Centrs / 120000€
| Location: | Rīga, Labais krasts, Centrs |
|---|---|
| Street: | Krišjāņa Barona |
| Furniture: | Partially furnished |
| Floor: | 3/3 |
| Area: | 82 m² |
| Price: | 120 000 € (1 463.4 €/m²) |
| Yield: | 9.0 % |
Property description
Investment Property in Central Riga – Two Attic Apartments
We are pleased to offer an attractive investment opportunity comprising two attic apartments in one of the most sought-after locations in central Riga – on Krišjāņa Barona Street.
This property is an excellent choice for an investor looking for real estate in the city centre with the potential to generate rental income while benefiting from the long-term appeal of a prime central location.
The offering includes two separate apartments – a three-room and a two-room attic apartment, providing flexibility in developing an investment strategy. The apartments can be rented independently, either on a long-term or short-term basis, depending on market conditions and the investor’s objectives.
Key Investment Advantages
Two independent rental units in one location provide the potential for two separate income streams while diversifying the investment.
Highly sought-after central location – Krišjāņa Barona Street is one of Riga’s most vibrant and well-connected central streets, with consistently strong demand for residential rental properties.
Flexible rental strategy – the apartments can be offered for either long-term or short-term rental, allowing the owner to adapt to changing market conditions.
Broad target tenant market – the apartments are suitable for professionals, students, international residents, young couples and others looking for comfortable accommodation in the heart of Riga.
The Apartments
The three-room attic apartment features a spacious living room, two separate bedrooms, a bathroom and a hallway. Its practical layout makes it suitable both for comfortable living and rental purposes.
The two-room attic apartment comprises a separate bedroom, a living room with a kitchen area and a bathroom – a practical and highly sought-after format in the central Riga rental market.
Both apartments benefit from individually adjustable heating and low maintenance costs, important factors when assessing the operating expenses and potential profitability of an investment property.
Additional advantages:
– land is privately owned;
– the building is managed by an apartment owners’ association;
– residents have access to parking in the building’s courtyard.
Prime Central Location
The property is located in the heart of Riga’s active city centre, on Krišjāņa Barona Street, where everyday conveniences, excellent infrastructure and the city’s vibrant atmosphere are all within easy reach.
Shops, cafés, restaurants, public transport, educational institutions and a wide range of services are located nearby. Vērmanes Garden and Riga Old Town are within walking distance, together with numerous sports, cultural and leisure facilities.
The central location is particularly advantageous for rental property, offering tenants convenient access to Riga’s business districts, universities and educational institutions, cultural venues, restaurants and entertainment.
A Strategic Investment in Central Riga
Two independent apartments, a highly desirable central location and flexible rental opportunities create an attractive investment proposition for buyers seeking rental income and long-term capital preservation.
An excellent opportunity for an experienced investor looking to expand their rental portfolio, as well as for a buyer considering their first investment property in the centre of Riga.
- Communications: gas heating, city water supply, city sewage
