Apartment building, Riga, Latvia

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Apartment building, Riga, Latvia

1,200,000 €
480 € /m²

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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  • Total area
    2,500 m²
  • Yield
    9.7 %
  • Rental rate (m²/month)
    3 €
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Details
Property parameters
  • Leasable area: 1,965 m²
  • Land area: 3,279 m²
  • Total apartments: 80
  • 5-floor building
Financial performance
  • Annual income: 117,000 €

Five-storey apartment building in Riga.

Description

The apartment building includes 80 flats ranging from 16 m² to 52 m².

The building is after renovation, there is a manager.

Financial performance

The average annual income is 117,000 €.

The current yield is 9,7%.

Location

The property is located in Vidzeme Suburb. Part of the suburb located in the historic center is a prestigious district of Riga with numerous monuments of Riga Art Nouveau.

There is a grocery store, a school and a large park with a lake located neaby.

Riga — the capital of Latvia and the largest city of the Baltic States. The population of Riga is about 640,000 people.

Buildings of different styles coexist in Riga — from the medieval architecture of the Old Town to the modern one. The historic center of the city is listed as a UNESCO World Heritage Site. The

Riga is an economically developed region and the largest industrial center of Latvia. In the city 60% of Latvian enterprises operate and more than 50% of the able-bodied population work.

Tourism — an important source of income of the city; 90% of tourists who visit Latvia go exactly to Riga.

  • Property on the map
    Location right down to the building, street or city

Statistics in Riga

Price per m², €
1,733
Healthcare efficiency level
62
Index 62 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
62
Index 62 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 1,732.56
Apartment in a bedroom community, m² 1,076.71
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.62
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.9
White bread, 500 g 0.85
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.26
Education Price, €
Kindergarten, per month 321.67
International school, per year 10,823.53
Health care index
Staff competence 67.76
Medical equipment 70.83
Research accuracy and completeness 63.0
Attitude towards patients 60.86
Security index
Crime rate 38.04
The risk of being robbed 32.0
The risk of car theft 46.81
The risk of break-in and property damage 46.9

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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

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Enquire about this apartment building
Julia Morozova
Julia Morozova
Project Manager at Tranio.Com Capital Markets Department
+44 17 4822 0039
  • Bank financing from 4.8% annually
  • Property, plot and construction site survey
  • Management company services
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