Real estate in Riga with cash flow

Residential property for sale in Agenskalns, Daugavgrivas street 6, at the intersection of Ergelu and Daugavgrivas streets, next to the Vansu bridge. Total area of the house 1066,3m2, land area 681 m2. In 2015, the five-story house was completely reconstructed by converting the building into a hotel with 51 rooms and 94 places (single and double rooms). There is a parking lot with 8 car spaces in the yard of the house.
The building has gas heating.
Currently, the building is used as a student hotel from September to May, while from June to August it operates as an economy class hotel.
An independent cash flow for the business is ensured by the excellent location of the building next to the Vansu Bridge, proximity to Old Riga (1.4km), distance (7km) to the airport and proximity to several universities (Riga Technical University, University of Latvia, Riga Stradinu University) and schools. Highly developed traffic infrastructure, shopping centers, shops, restaurants, sports centers, etc. the proximity of infrastructure facilities creates advantages for any type of building use.