Location
Rēznas iela 6
Latgale
Facilities
Price History
Description
Investment Property in Riga: Residential Building with Commercial SpacInvestment Opportunity – Residential Apartment Building with Commercial Premises in RigaA real estate property combining residential and commercial functions, offering flexible opportunities for both stable cash flow and value growth after development.The ground-floor premises are suitable for a shop, services, office, or other commercial activities with direct street access.Apartments with active lease agreements (fixed-term contracts for 1 year; no open-ended leases).12 apartments (1- and 2-room units, average size 27–45 m²) + commercial premises.Total rentable area: 516.09 m².Apartments were renovated prior to leasing (except two units): painted walls, replaced windows, new floor coverings, and new sanitary installations.Brick building with thick walls, year of construction – 1934.The stairwell has recently been renovated.All apartment entrance doors have been replaced.Basement level – suitable for storage or utility use.Attic space – roof covering is currently being replaced; after completion, the attic can be used for building-related purposes.Small private inner courtyard.Gas heating (two boilers serving the building).Each apartment has private bathroom facilities (renovated).Cold water with individual meters.Water heating is individual for each apartment.Separate electricity connections for each apartment, directly with the supplier.Low utility costs, increasing demand in the rental market.Location – a rapidly developing area.Close to Riga city centre.Park nearby.Public transport in immediate vicinity.At least 5 universities in the surrounding area – ideal for student housing and short-term rentals.The property is located within the city’s red line boundaries (important to consider for development planning).The property offers several development scenarios:Maintain the current model – renting out apartments and commercial premises, ensuring stable cash flow without significant additional investment.Mid-level renovation – increase rental income and overall property value.Repositioning options:Student residence / dormitory.Hostel or budget hotel.Mixed-use rental property.If you have any questions or proposals, please feel free to write or call – we will clarify, answer, and explain.Read more
Rēznas iela 6 Latgale
Location
Rēznas iela 6
Latgale
Facilities
Price History
Description
Investment Property in Riga: Residential Building with Commercial SpacInvestment Opportunity – Residential Apartment Building with Commercial Premises in RigaA real estate property combining residential and commercial functions, offering flexible opportunities for both stable cash flow and value growth after development.The ground-floor premises are suitable for a shop, services, office, or other commercial activities with direct street access.Apartments with active lease agreements (fixed-term contracts for 1 year; no open-ended leases).12 apartments (1- and 2-room units, average size 27–45 m²) + commercial premises.Total rentable area: 516.09 m².Apartments were renovated prior to leasing (except two units): painted walls, replaced windows, new floor coverings, and new sanitary installations.Brick building with thick walls, year of construction – 1934.The stairwell has recently been renovated.All apartment entrance doors have been replaced.Basement level – suitable for storage or utility use.Attic space – roof covering is currently being replaced; after completion, the attic can be used for building-related purposes.Small private inner courtyard.Gas heating (two boilers serving the building).Each apartment has private bathroom facilities (renovated).Cold water with individual meters.Water heating is individual for each apartment.Separate electricity connections for each apartment, directly with the supplier.Low utility costs, increasing demand in the rental market.Location – a rapidly developing area.Close to Riga city centre.Park nearby.Public transport in immediate vicinity.At least 5 universities in the surrounding area – ideal for student housing and short-term rentals.The property is located within the city’s red line boundaries (important to consider for development planning).The property offers several development scenarios:Maintain the current model – renting out apartments and commercial premises, ensuring stable cash flow without significant additional investment.Mid-level renovation – increase rental income and overall property value.Repositioning options:Student residence / dormitory.Hostel or budget hotel.Mixed-use rental property.If you have any questions or proposals, please feel free to write or call – we will clarify, answer, and explain.Read more