Profitable Investment Property – 16.2% Annual Yield with Potential to Reach 18%

A residential property comprising 8 apartments is offered for sale, presenting stable income potential. The property is ideal for investors looking to acquire an income-generating asset with opportunities to increase both rental returns and property value.

The property comprises a residential building with a total area of 357.7 m², an attic space of 120 m², an additional outbuilding of 120 m², and a land plot measuring 675 m².

The building features a renovated façade and staircase, upgraded electrical wiring, water supply and sewage systems, with utility connections provided to each apartment. The property also benefits from relatively low operating costs.

Opportunities to Increase Income:

Renovating the remaining apartments could increase rental income by approximately EUR 820 per month.

The attic space offers the potential to develop 2–3 additional studio apartments, potentially generating an extra EUR 700–900 per month.

Individual completed apartments could be sold separately, allowing investors to recover part of their invested capital.

The location provides convenient access to the city's infrastructure, approximately 8 km from Riga Old Town, with a No. 3 trolleybus stop and shops nearby. The construction of a new bridge may further improve transport accessibility.

The property is suitable for renting out all apartments, phased development, selling individual apartments, or living in one apartment while renting out the remaining units.

For investors ready to complete the transaction quickly, particularly attractive terms may be negotiable.

Contact us to receive a presentation featuring income calculations and the property's development opportunities.