Aleksandra Čaka iela 87A, Rīga, Centrs

Investment property for sale - 3 rental apartments with long-term cash flow. The apartments are located in a quiet courtyard opposite Ziedoņdārzs park. At the end of 2024, the attic was redeveloped to create the apartments, which were decorated and fitted with all amenities. Gated area, parking is available. Staircase with code-lock system. Central heating, underfloor heating in bathrooms, quality interior decoration, fully furnished and equipped with all household appliances. The apartments are tastefully furnished, bright and sunny, with high ceilings. Market valuation has been conducted for all apartments.

The total area of the apartments is 78 m2: 1) 26.2 m2, rent EUR 550/month, price EUR 76,500; 2) 28 m2, rent EUR 550/month, price EUR 81,000; 3) 22 m2, rent EUR 450/month, price EUR 65,700. The total selling price for all three apartments is EUR 223,200. All three apartments will be sold together only. Total rent is EUR 1550/month, ensuring 8.3 % yield. The current rent contracts have been signed for a term of 1 year.