Residential building for sale at the intersection of Gertrude and Avotu streets with existing cash flow.
Historically, the brick rental house with shops was built in 1897 according to the project of the well-known architect Karlis Johans Felsko.
The property consists of a plot of land with an area of 899 m2 and 4 buildings:
64 Gertrudes Street, 5-storey building on Gertrudes Street, 21 apartments and 4 commercial premises/shops
Total area 1553.5 m2, usable area 1257.5 m2
The area of apartments is 975.9 m2, the area of commercial premises is 281.6 m2
Avotu Street 25A, 5-storey building on Avotu Street, 8 apartments and 3 commercial premises/shops
Total area 906.0 m2, useful area 795.1 m2
The area of apartments is 607.8 m2, the area of commercial premises is 187.3 m2
Avotu Street 25B, 1-storey building in the courtyard - 1 commercial space
Total area 53.21 m2, useful area 26.94 m2
Avotu Street 25D, 1-storey building in the courtyard - 1 commercial space
Total area 146.4 m2, useful area 51.8 m2
Total building area 2659.11 m2, total useful area 2131.34 m2
The total area of apartments is 1583.7m2, the total area of commercial premises is 547.64
All apartments and commercial premises are rented and leased. The buildings are in good technical condition, managed and maintained.
Gertrudes and Avotu streets have always been active Riga streets with developed infrastructure, many small shops, and cafes. Currently, the Avotu Street district is becoming more and more popular, more and more residential buildings and commercial objects are being reconstructed and renovated.
