All 10 photo

House ownership for sale on Gertrudes street

2,800,000 €
Send a request
Total area: 3,800 m²
Send a request
Features
  • Land area: 1,127 m²

For sale is offered a house ownership on Gertrudes street — Center of Riga. The property consists of 3,300 m² and additionally mansard floor of 500 m² and land — 1127 m². Total size of apartments 2,200 m² and 450 m² — offices.

The house is fully leased and has stable income (all lease agreements are signed for 1 year).

The property is in good tehnical conndition (the roof is changed, the facade is renewed).

There are 31 apartments and 3 commercial premises in the building.

Income from the apartments is around 7,500 euro per month (average 3 eur per m²).

Income from the offices is 2,300 eur per month.

Property and Land tax 20,000 euro per year.

ROI at the moment is around 6%.

After property renovation icome might be sucesfully increased, as 3 euro per m² is quite low number for the real estate in such location.

More properties

If this property wasn’t for you, take a look at other mix used buildings for sale in Latvia.

You can see more mix used buildings for sale in Central District elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this mix used building
Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Central District
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    • Bank financing from 4.8% annually
    • Construction site audits
    • Management company services