Location

Facilities

Description

1080 m2 buildings area, 819 m2 land area, 26 apartments, 275 EUR/m2.An investment property is available for sale, consisting of a land plot with a total area of 819 m² (cadastral number 0100 041 0063) on which three authentic residential buildings are located (cadastral numbers 01000410063001, 01000410063003, and 01000410063004) with a total area of 1080 m². Two of these buildings are stone, and one is wooden. The best use of the buildings is as multi-apartment residential houses.Technical reconstruction projects for the buildings have been developed and approved. As a result, there will be 26 apartments with a total saleable area of 892 m².Reconstruction work has already begun in the complex:- In building 01000410063004, an dormer loft has been built, new windows installed, risers and electrical installations replaced, and interior finishing work has begun.- In building 01000410063003, demolition work has been carried out, and new window openings have been created according to the project.- In building 01000410063001, demolition work has been carried out.It is possible to receive co-financing of 30000 EUR from the Riga Municipality for the renovation of the facade.The area is rapidly developing and being improved – many residential buildings have already been built/renovated around, and even more are in the design stage. The area has a well-developed infrastructure. It’s a 10-minute walk to Old Riga and the train station.Read more