The property is located in the Spilve area, near the Spilve airfield. This is a green area with many trees that provide shade in the summer and protect from the direct heat of the sun.
This is a pre-war house built in 1928. Built on solid reinforced concrete foundations, the structure of the house has been well preserved over the years. The walls are made of brick. The condition of the wall structures is good.
Total living area is 261.4m2. Currently, 4 out of 8 apartments are rented. Some apartments have undergone cosmetic repairs.
A new metal roof was installed several years ago.
All utilities are located in the basement of the house, so access to them is easy. Water supply is provided from a local borehole. Sewage is a central city sewer. The fee for drainage is very small. The electricity connection to the house is a 3-phase 63 ampere connection. There is a gas connection literally behind the fence. Currently, furnace heating is used for heating, but it is possible to pull out the house's centralized heating system. One of the house's roof planes faces south. It can be perfectly used for installing solar panels. Then there is an opportunity to effectively use a heat pump air-to-water system for heating, which will ensure low utility payments for heating, thus increasing competitiveness in the rental market.
The gross return from this project after renovation could be from 9.5 to 12%, depending on the amount of investment, selected materials, design and project.
Currently, this neighborhood is very profitable in terms of investment, because when the Northern Overpass is built and a quick opportunity to get to the Eksporta Street area is provided, the prices of real estate in the neighborhood will increase dramatically.
Invest in objects with great potential and high potential annual returns. Call or write, I will answer your questions and arrange a property inspection.
