For Sale: Investment Property – 3-storey Apartment Building (2018)

Building area: 402.4 m²

Land plot: 676 m²

Apartments: 6 high-quality 2-room apartments

Parking: 6 secured spaces in the yard (automatic gates) + 3 spaces by the building

Annual rental income: 40,000 EUR

Property tax: 500 EUR/year

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Apartments:

• No.1 – 48.1 m²
• No.2 – 68.2 m²
• No.3 & No.5 – 46.77 m²
• No.4 & No.6 – 67.22 m²

All apartments are sold fully furnished and equipped:

• custom-made furniture in a unified style,
• fitted kitchens with appliances,
• wardrobes and dressing rooms,
• bathrooms with shower and/or bathtub, washing machines,
• everything necessary for comfortable living.

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Comfort & Amenities:

• Private fenced yard with secured parking, bicycle storage, and barbecue area.
• Underfloor heating with thermostats in each apartment.
• Central ventilation and air conditioning system.
• Fire alarm in every apartment.
• High-speed internet (Telenet optical fiber, 100 Mbit) and TV connection.

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Technical details:

• Heating – 2 Junkers gas boilers.
• Hot water – heating system + 1000 l boiler.
• Energy efficiency – class B+++ (low utility costs).
• Windows – Rehau, triple-glazed, excellent insulation.
• Building constructed from Aeroc concrete blocks, insulated with Paroc mineral wool (200 mm).

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Location:

Only 15 minutes’ drive to Riga city center and Riga International Airport.

Well-developed infrastructure: Lidl, Rimi, Maxima, cafés, gyms, schools, kindergartens, and healthcare services all within walking distance. Excellent public transport connections.

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Investment highlights:

• Fully leased property with long-term rental agreements.
• Secure annual rental income of 40,000 EUR.
• High-quality construction designed for longevity – no major investments required for ~20 years.
• Ready-made cash flow from day one.