Investment Property with Great Potential — Just 5 Minutes from the Airport

Investment Property with Great Potential — Just 5 Minutes from the Airport

An exceptional investment opportunity with rental apartments located only 5 minutes’ drive from Riga International Airport.This project offers an excellent location, strong development potential, and an estimated rental yield of up to 8%.

The building is constructed from high-quality thermoblocks with a solid poured concrete foundation. It is equipped with a heat pump, a floor heating system throughout the house, and connected to city utilities.

The interior finishing remains to be completed, allowing the new owner to personalize it according to their taste and vision. A valid building permit is in place for another four years. There is also the possibility to add terraces on the ground floor and balconies on the second floor. Additionally, up to 10% of the land area (approximately 85 m²) can still be developed. The project allows for division into individual apartment properties, in full compliance with building regulations.

The location ensures constant demand, thanks to its proximity to the airport and convenient city access.
The estimated rental income for a completed apartment is:
• Short-term rental: around €70 per day,
• Long-term rental: around €800 per month.
The estimated market value of the fully finished project is €570,000.

Don’t miss this opportunity to acquire a truly valuable and high-potential real estate asset. I will be happy to provide more details and arrange a viewing of the property.