A strategic investment in central Riga. Close to the Radisson Conference & Spa, this furnished 37 m² two-bedroom apartment 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.
T3 apartment of 37 m²
Rental status: Available to rent
Floor: 3/4
Aspect: East, open courtyard view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 7 % to 8.2 %
Net rental yield before tax: from 6.1 % to 7.2 %
Net rental yield after tax: 5.4 % to 6.4 %
Expected capital return, assuming annual growth in the price per m² of 3 %: 8.4 % to 9.4 %
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 9,170 € to 10,698 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 2,106 € to 2,326 €
Net operating income: 7,064 € to 8,372 €/year
Sale price: 114,700 €
Acquisition costs (notary 209 €, taxes 2,294 €, stamp duty 15 €, fees 6,800 €): 9,318 €
Furnishings: furniture and kitchen installation planned (6,500 € – already included in the total budget)
Recommended improvements: 0 €
Total budget: 130,518 € (all expenses listed above included)
Price per m²: 3,528 €
Expected net gain on resale in year 6: 49,682 € (ROI: 38.1%) to 56,144 € (ROI: 43%)
Expected net gain on resale in year 10: 89,886 € (ROI: 68.9%) to 101,323 € (ROI: 77.6%)
Expected net gain on resale in year 16: 158,208 € (ROI: 121.2%) to 177,989 € (ROI: 136.4%)
Short-term rental possible
*The photos show the actual apartment nº29.
*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.