A strategic investment in central Riga. Close to the Radisson Conference & Spa, this furnished 16.7 m² studio in a restored century-old building offers rental income with hands-off management. Clear taxation (10 %), full ownership, and suitability for long-term or short-term rentals. For investors seeking steady income, legal certainty and long-term capital growth.
 
Studio of 16.7 m²
Rental status: Available to rent
Floor: 3/4 with a lift
Aspect: North, street view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 8 % to 9 %
Net rental yield before tax: from 6.6 % to 7.5 %
Net rental yield after tax: 5.8 % to 6.6 %
Expected capital return, assuming annual growth in the price per m² of 3 %: 8.8 % to 9.6 %
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 6,113 € to 6,877 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 1,686 € to 1,796 €
Net operating income: 4,427 € to 6,877 €/year
Sale price: 48,425 €
Acquisition costs (notary 209 €, taxes 969 €, stamp duty 15 €, fees 6,800 €): 7,993 €
Furnishings: furniture and kitchen installation planned (7,000 € – already included in the total budget)
Renovation: 0 €
Planned improvements: 13,000 €
Total budget: 76,418 € (all expenses listed above included)
Price per m²: 4,576 €
Expected net gain on resale in year 6: 29,774 € (ROI: 39%) to 33,005 € (ROI: 43.2%)
Expected net gain on resale in year 10: 53,600 € (ROI: 70.1%) to 59,319 € (ROI: 77.6%)
Expected net gain on resale in year 16: 94,258 € (ROI: 123.3%) to 104,149 € (ROI: 136.3%)
Short-term rental possible
 
*The photos show the actual apartment nº23.
 
*Figures are based on actual high- and low-season rents from our experience.
 
*We allow for 2 weeks of vacancy per year as a precaution. Full occupancy, which we generally experience, would improve the result.
 
*Negotiation may be possible when buying several units.
 
*LifeInvest®: a 360° turnkey service including exclusive properties, a stay in Riga, administrative and tax support, rental management, e-Residency, company formation, and a network of experts with aligned interests to optimise rental income.
 
Invest in a dynamic market offering modern comfort in a prime Baltic location.
 
Act promptly: these opportunities are limited.