Jelgavas iela 19, Rīga, Torņakalns

A historic brick-wall building (Anno 1937) is now available for purchase. This three-story residential property comprises 11 apartments, ranging in size from 50 to 120 m², situated on a 1,435 m² land plot with auxiliary structures. The total building area spans 947.40 m², including a 246.50 m² basement and 3.0 m² of outdoor space. The property is well-maintained and in satisfactory technical condition, with several apartments recently renovated. All apartments are currently rented, ensuring a steady income stream for investors. The property features landscaped outdoor space with a lawn, trees, and ornamental plants. There is on-site parking for multiple vehicles. Utility services include power supply, district cold water supply and sewage system, hot water provided by boiler system, heating provided by wood-burning stoves in apartments; no gas supply. The property is located in a rapidly developing area - Tuvā Pārdaugava/Torņakalns neighborhood nearby Jelgavas Street. This property benefits from its proximity to recent key urban developments: University of Latvia Academic Centre, Service Hotel, Michelin-starred Max Cekot restaurant, National Library of Latvia. Excellent access to public transport, reaching Riga’s city centre in 10 minutes (5–10 minutes by car). Building specifications: foundations and exterior walls - silicate brick (insulated, decorative finish), wooden overhead coverings, sheet-metal roofing. This historically significant and strategically located property presents an exceptional investment opportunity.

For more details or to arrange a viewing, please, feel free to contact us.