Rīga, Maskavas forštate, Katoļu iela

Rīga, Maskavas forštate, Katoļu iela

Real estate as an object of cash flow

Price

4 500 000 €

Area

2 703 m2

Land plot

694 m2

Floor

6

For sale - residential property as a cash flow property.
100% rented for the last 5 years.
From October 2023, rent prices will be raised by 6% on average.

The surrounding construction consists of residential construction.
Plot area 694 m2; total area of the house 2703 m2 (rentable area - 2036 m2). There are no parking spaces.

The building has 60 apartments, all rented and equipped with kitchen furniture and everything necessary for living.
Reconstruction of the building was completed in 2019, central heating, elevator.

Property yield per month EUR 19917 + com for August 1, 2023.
Property yield per month from 01.10.2023 around 22500 EUR + com.

Approximate annual income from 01.10.2023 - about 270,000 EUR (1,757 EUR - VAT tax, 800 EUR - insurance; 5,000 EUR - accounting, internet, additional costs - 4,000 EUR; manager - 4,000 EUR.
NOI around - 254443 EUR yield - 5.65 %

Amenities

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