A 1-bedroom apartment with a spacious balcony is for sale in Jelgava. There is also the option to purchase a parking space.

The property offers an excellent opportunity for investors to generate stable passive income. By making minor improvements and renting out the property long-term, it is possible to achieve a return of up to 10% per year. This is a suitable investment for both experienced investors and those looking to start building their rental property portfolio.

Extensive renovations have been carried out on the building, and the costs of these renovations are already included in the sale price of the apartments:

• new PVC windows have been installed in the common areas;
• new entrance doors have been installed on both the street and courtyard sides, equipped with a chip-based access system;
• LED lighting with motion sensors has been installed in the common hallways;
• major roof repairs have been completed;
• sewer, cold-water, and hot-water risers have been replaced in the apartments;
• New smart water meters have been installed;
• The stairwell has been cosmetically renovated, and new mailboxes have been installed.
• The building’s facade has been spruced up—the exterior of the balconies has been clad with decorative panels to give the building a more polished and attractive overall appearance.

A great opportunity for those who want to create a home tailored to their preferences or are looking for a promising investment property with high rental demand. The property is suitable for both residential use and investment, especially given the stable demand for rental apartments in this neighborhood. The LBTU Faculty of Veterinary Medicine is located nearby—a popular place of study among both Latvian and international students.

Utilities:

• Electricity;
• Municipal water and sewer;
• District heating from “Gren.”

The building is managed by SIA “Selectum Home.”

Costs:

• Maintenance fee – 0.75 EUR/m² + VAT;
• Reserve fund – 0.20 EUR/m².

Other one-bedroom apartments are also available on various floors and in varying conditions, allowing you to choose the most suitable option for both living and investment.

The neighborhood has excellent infrastructure:

• Next to the RAF shopping center;
• Nearby are Lidl, the new JYSK, and other stores;
• Several kindergartens and two schools are nearby;
• convenient public transportation;
• quick and easy access to Riga.