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
Aspect: East, street view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 8.1 % to 9.1 %
Net rental yield before tax: from 6.8 % to 7.7 %
Net rental yield after tax: 6 % to 6.8 %
Expected capital return, assuming annual growth in the price per m² of 3 %: 9 % to 9.8 %
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: 1,606 € to 1,716 €
Net operating income: 4,507 € to 5,161€/year
Sale price: 47,590 €
Acquisition costs (notary 209 €, taxes 952 €, stamp duty 15 €, fees 6,800 €): 7,976 €
Furnishings: furniture and kitchen installation planned (7,000 € – already included in the total budget)
Renovation: 13,000 €
Recommended improvements: 0 €
Total budget: 75,566 € (all expenses listed above included)
Price per m²: 4,525 €
Expected net gain on resale in year 6: 29,666 € (ROI: 39.3%) to 32,897 € (ROI: 43.5%)
Expected net gain on resale in year 10: 53,393 € (ROI: 70.7%) to 59,112 € (ROI: 78.2%)
Expected net gain on resale in year 16: 93,879 € (ROI: 124.2%) to 103,770 € (ROI: 137.3%)
Short-term rental possible
 
*The photos show the actual apartment nº12.
 
*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.