Home ownership with cash flow
Price by request
ID 112534
Uploaded 20.10.2025
Key features
Details
Property description
We offer for sale a home with a stable yield of at least 5%, in case of full occupancy - 6% per annum.
There are 14 apartments in total, including 2 spacious penthouses on the 5th floor with views of the Daugava River and panoramic windows, as well as 3 commercial premises.
The average occupancy rate of the building is 90%, mainly long-term contracts, there are opportunities to switch to short-term rentals and increase profitability.
The apartment building on Uzvaras was commissioned in September 2020 after a detailed renovation of a pre-war 4-storey building with a one-floor superstructure.
The renovated 5-storey building with a semi-basement received a new floor, an elevator (Schindler), facades insulated according to EU standards, completely new communications, a new ventilation and fire extinguishing system, an intercom system, and an alarm system.
There is also a new staircase and entrance group, a second entrance, the house has been completely renovated and looks like a brand new building.
The basement floors have also been renovated and are fully ready to receive customers such as shops, beauty salons, etc. There is an extension on the back of the house, which can serve as a medical or cosmetic office, a small shop, etc. All these rooms are equipped with all necessary communications.
All apartments are renovated, equipped with bathrooms (including washing machines), kitchens, living rooms. In addition to furniture, kitchens are equipped with necessary household appliances - refrigerators, cooktops, hoods, etc. All living spaces are furnished, equipped with light points and are in a turnkey condition - the tenant can live immediately, without any preparation of apartments.
There are 5 parking spaces provided on the territory.
The location of the house, located at the foot of the Stone Bridge leading to the very center of Riga, to the house of the Blackheads, the Sejm building and other main buildings of Old Riga, should not be ignored. Leaving the entrance opposite the Castle of Light (the National Library of Latvia), you only need to walk 300 meters across the bridge or drive one stop by public transport (the stop is located at the house) to be in the very center of the city. Also, transport will take the residents of the house to the train station within 10 minutes and to the airport in no more than 20 minutes without any transfers.
Within walking distance from the house is one of the largest parks in the city - Victory Park, with excellent infrastructure and an opening Ferris wheel.There is a grocery store and a pharmacy adjacent to the house.
There are 14 apartments in total, including 2 spacious penthouses on the 5th floor with views of the Daugava River and panoramic windows, as well as 3 commercial premises.
The average occupancy rate of the building is 90%, mainly long-term contracts, there are opportunities to switch to short-term rentals and increase profitability.
The apartment building on Uzvaras was commissioned in September 2020 after a detailed renovation of a pre-war 4-storey building with a one-floor superstructure.
The renovated 5-storey building with a semi-basement received a new floor, an elevator (Schindler), facades insulated according to EU standards, completely new communications, a new ventilation and fire extinguishing system, an intercom system, and an alarm system.
There is also a new staircase and entrance group, a second entrance, the house has been completely renovated and looks like a brand new building.
The basement floors have also been renovated and are fully ready to receive customers such as shops, beauty salons, etc. There is an extension on the back of the house, which can serve as a medical or cosmetic office, a small shop, etc. All these rooms are equipped with all necessary communications.
All apartments are renovated, equipped with bathrooms (including washing machines), kitchens, living rooms. In addition to furniture, kitchens are equipped with necessary household appliances - refrigerators, cooktops, hoods, etc. All living spaces are furnished, equipped with light points and are in a turnkey condition - the tenant can live immediately, without any preparation of apartments.
There are 5 parking spaces provided on the territory.
The location of the house, located at the foot of the Stone Bridge leading to the very center of Riga, to the house of the Blackheads, the Sejm building and other main buildings of Old Riga, should not be ignored. Leaving the entrance opposite the Castle of Light (the National Library of Latvia), you only need to walk 300 meters across the bridge or drive one stop by public transport (the stop is located at the house) to be in the very center of the city. Also, transport will take the residents of the house to the train station within 10 minutes and to the airport in no more than 20 minutes without any transfers.
Within walking distance from the house is one of the largest parks in the city - Victory Park, with excellent infrastructure and an opening Ferris wheel.There is a grocery store and a pharmacy adjacent to the house.
Agency: Mercury Group Ltd
