Cash flow + €1510 per month - every month! An interesting investment object with development prospects consists of: a plot of land - 675 m², a three-storey wooden building - 357.7 m² (according to inventory data), an additional 94 m² of attic space that can be converted into 2-4 studio apartments without raising the roof, using the existing windows and communications, and outbuildings - 88.1 m², where storage and a boiler room can be installed.
The facade and staircase have been renovated, the electrical wiring has been completely replaced - from the inlet to the meters and the apartments. Completely new water supply and sewerage system, piped into each apartment. Entrance door - metal with code key. The building has 8 apartments - one, two and three rooms, with different levels of finishing. On the first floor - two fully finished apartments with sanitary facilities, double-glazed windows, furniture and pleasant design (ready for sale, not rented).
One three-bedroom apartment is being prepared for renovation, also without a tenant. The first apartment and the entire second floor are rented on a long-term basis (with the right for the owner to terminate the contract at any time), which ensures a stable cash flow of around 10% per year on a part-time basis. Buy and earn immediately!
Development opportunities.), recoup a significant part of your investment and continue to earn from the second floor by adding two more loft apartments; Renovate all the apartments and sell them separately at a much higher price with a large profit margin; Convert the building into one large private house for one or two families; Or go for the combined option - live in one of the finished apartments and rent the rest - a stable "retirement fund" All in all, the project is profitable, enjoyable and promising, however you look at it.
The district is home to about 400 inhabitants (mostly in private houses) who love and take care of their place by organising clean-ups and creative events. Convenient infrastructure - trolleybus 3 runs almost to the house.
Close to the centre of Sarkandaugava. Nearby are a modern children's and sports playground, the Art, Education and Technology Centre, as well as the Sarkandaugava beach, where you can swim, fish, go boating and have picnics. A new bridge will soon open, providing a direct connection to Riga's main transport artery, which is a sign of the active development of the district. Conclusion: the property is very interesting, profitable and promising! Call and arrange a viewing.
