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№ 2,071,760
  1. Overseas property
  2. Latvia
  3. Riga
  4. Latgale Suburb
  5. Terraced houses
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Terraced house – Latgale Suburb, Riga, Latvia

1,600,000 €
  • Total area
    1,403 m²
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Features
  • Total rooms: 12
  • 6-floor building
  • Built in 2011
  • Car parks

Apartment building for sale — Firsa Sadovņikova iela 19

Total area: 1403 m²

Apartment area: 988 m²

Shop: 312 m²

12 apartments, from 30 m² to 50 m². Fully equipped and completed.

All apartments are rented out.

1st floor — Maxima store.

Total yearly net income — 70K with a potential to grow — reconstruct big apartments into small ones and establish mansard type apartments on the top floor.

Extra opportunities

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

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More properties

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

You can see more townhomes for sale in Latgale Suburb elsewhere on our website.

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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      FAQs
      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Turkey passport by buying a property worth at least $400,000.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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