Five-storey apartment building in Riga.
The apartment building includes 80 flats ranging from 16 m² to 52 m².
The building is after renovation, there is a manager.
The average annual income is 117,000 €.
The current yield is 9,7%.
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.