9% NOI and 18% return on investment Apartment building
For Sale Krišjāņa Barona iela 109, Latgales priekšpilsēta, Rīga, LV-1012, Latvia
9% NOI and 18% return on investment Apartment building
Overview
Property ID: EHS59673
- Apartment
- 133
- 4188
Description
133 Rental apartments plus 5 stores. All leased and in excellent condition, in Riga centre.
Price is 5.6 million Euros, below valuation.
Investor needs 2 million Euros. Rest is bank mortgage.
Investor will receive an 18% return annually on their investment, before profit tax.
Comes with management that can continue to do all functions – so easy to manage from a distance.
Freehold land. Low profit tax country of 15%. No foreign owner restrictions. Landlord friendly country.
Address
Open on Google Maps- Address Krišjāņa Barona iela 109, Latgales priekšpilsēta, Rīga, LV-1012, Latvia
- City Rīga
- Zip/Postal Code 1012
Details
Updated on June 12, 2018 at 11:22 am- Property ID: EHS59673
- Price: 5,600,000€
- Property Size: 4188 m²
- Land Area: 1699 m²
- Bedrooms: 133
- Property Type: Apartment
- Property Status: For Sale
Features
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