Mercury Group
Building for sale in Riga
- Latvia, Riga, Jugla
- Pales
- Latvia, Riga, Jugla
- Pales
Property description
The building consists of 9 apartments - 5 one-room and 4 two-room.
Fenced territory 996 square meters. m. Building area 407 square meters. m
Brick building - built in 1937, complete renovation was made in 2019:
the foundation has been strengthened, insulated, waterproofed, the facade has been restored,
new windows, all communications replaced, roof. The whole building is additionally insulated.
New electric power. Terraces for 4 apartments on the ground floor. Parking. Gas heating.
Income of 3,100 Euro / month + utilities + real estate tax. Profitability 6.2%
Finishing and furniture will be completed by April 1, 2020. There are already potential tenants.
The seller guarantees the above rental income.
Basic parameters:
Residence permit could be obtained through the property purchase. Leave your request in order to get more information about Residence Permit.
- Latvia, Riga, Jugla
- Pales
** After rental period you check out, own your property, and:
1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or
2. resell and get the invested money + capitalization profit
In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
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