House ownership in Riga center for sale!

Property for sale - an investment object located in Riga center, Stabu street. The property consists of 2 buildings, that are situated on a land plot of 566 m2 - a 4-storey facade building and a 3-storey building in the yard, both built in 1920. There are total number of 18 apartments, of which 6 are one-room apartments and 12 are two-room apartments. 15 apartments are rented out and three 2 room apartments need renovations. All new communications are installed in the buildings - new electricity wires, plumbing and heating sistem. The current year's return after real estate and income taxes is 7.5%. Future yield after renovation of three more apartments, based on realisticestimates, will be 8.8%.
 There is a possibility to build a roof floor for the facade building, obtaining additional living space.