We offer an apartment house in the center of Riga on Gertrudes Street.

The total area of the house is 3300 sq. m. (+ a good attic about 500 sq. m.) 2200 sq. m. of apartments, 450 sq. m. of commercial premises. Land 1127m2 in the property. The whole house is delivered and brings a stable income. (All contracts are renewed for a year, if necessary, can be released in a fairly short time.) The house is in good technical condition, which is constantly maintained. (The risers and the roof are replaced, the facade is periodically refreshed.) The property tax is about 20 thousand euros. in year. The house has 31 apartments and 3 commercial premises. Arrivals of about 7500 euros per month from the rental of apartments (an average of 3 euros m2, ie, investing in repairs, you can significantly raise the profitability.) About 2300 euros per month from renting commercial premises. Profitability after tax on property, current repairs of about 6%.