Pumpura iela 7 is being developed as an affordable and functional one-room apartment project with strong investment potential. The building status is being changed from a dormitory to a multi-apartment residential building, creating fully functional apartment properties suitable for both living and investment purposes.
The project is suitable for:
- a first home;
- rental investment purposes;
- students and young professionals;
- long-term rentals;
- affordable housing with long-term value growth potential.
The project offers an opportunity to purchase one-room apartments in a more affordable price segment, where demand for rental housing in Jelgava remains consistently strong. In the future, the project may become an attractive residential property portfolio for both private buyers and investors.
Utilities and communications:
- electricity;
- city water supply and sewage;
- connection to centralized hot water supply is planned;
- replacement of building risers is planned;
- centralized heating provided by “Gren”.
The building is managed by SIA “Selectum Home”.
Costs:
- management fee – 0.75 EUR/m² + VAT;
- reserve fund – 0.20 EUR/m².
The project is located in Parlielupe — a developed and convenient part of Jelgava with well-developed infrastructure. Nearby are several LBTU faculties, including the Faculty of Veterinary Medicine, ensuring stable demand for rental apartments among students and young professionals. The surrounding area offers grocery stores and shopping locations, including Lidl, RAF shopping centre, and other everyday services, as well as kindergartens, schools, medical institutions, and public transport stops. The property provides convenient access to both Jelgava city centre and the Riga direction, making the location attractive for both residential living and long-term or short-term rental investments.