Fully rented property in Grīziņkalns

Property with constant cash flow in the far centre of Riga, located on a quiet and green street.
100% rented property
Total building area: 838 m2
Leasable area: 536 m2
Number of floors: 3
The building was constructed in 1925 of brick
The house has 3 floors above ground, a basement and an attic
Two staircases
The building has 17 apartments:
- 1-bedroom apartments 11
- 2-bedroom apartments 6
Flats size 20 - 48 m2
High ceilings on all floors 2,95-3,15m
The technical condition of both the apartments and the common areas is good
Recent cosmetic repairs of staircases, windows, doors, facade at ground floor level
New utilities, including gas central heating system
Attic can be transformed into apartments
Water and sewerage risers have already been laid to the attic
Dry and spacious basement where storage can be created
Wooden structural bearing elements between floors in good condition
The neighborhood of Grīziņkalns is developing rapidly
Close to Grīziņkalns Park for active recreation for adults and children
Free on-street parking
Yield 8% p.a.
Possibility to increase yield up to 9.5% without additional investment