8.5% NOI 16% Return Apartment building for sale
For Sale
8.5% NOI 16% Return Apartment building for sale
Matīsa iela 38, Latgales priekšpilsēta, Rīga, LV-1009, Latvia
Overview
Property ID: 59671
- Apartment
- 48
- 2
- 2684
Description
48 Rental apartments. All leased and in excellent condition, in Riga centre.
Price is 2.95 million Euros, below valuation.
Investor needs 1.1 million Euros. Rest is bank mortgage.
Investor will receive a 16% 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 Matīsa iela 38, Latgales priekšpilsēta, Rīga, LV-1009, Latvia
- City Rīga
- Zip/Postal Code 1009
Details
Updated on June 12, 2018 at 11:24 am- Property ID: 59671
- Price: €2,950,000
- Property Size: 2684 m²
- Land Area: 1476 m²
- Bedrooms: 48
- Garages: 2
- Property Type: Apartment
- Property Status: For Sale
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