A strategic investment in central Riga. Close to the Radisson Conference & Spa, this furnished 28.8 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 28.8 m²
Rental status: Available to rent
Floor: 4/4
Aspect: West, Courtyard view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 4.9% to 7.8 %
Net rental yield before tax: from 4.0 % to 6.8 %
Net rental yield after tax: 3.6% to 6.3 %
Expected capital return, assuming annual growth in the price per m² of 3 %: 6.6% to 9.3%
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 5 349 € to 8 405 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 723 € to 767 €
Net operating income: 3 903 € to 6 872 € /year
Sale price: 76 440 €
Acquisition costs (notary 350 €, taxes 1 147 €, stamp duty 15 €, fees 6 800 €): 8 311
Furnishings: furniture and kitchen installation planned (6 050 € – already included in the total budget)
Renovation: 0 €
Improvements: 18 000 €
Total budget: 108 802 € (all expenses listed above included)
Price per m²: 3 778 €
Expected net gain on resale in year 6: 31 420 € (ROI: 28.9 %) to 46 006 € (ROI: 42.3 %)
Expected net gain on resale in year 10: 57 188 € (ROI: 52.6 %) to 83 003 € (ROI: 76.3 %)
Expected net gain on resale in year 16: 101 147 € (ROI: 93.0 %) to 145 795 € (ROI: 134 %)
Short-term rental possible
*The photos show the actual apartment nº13.
*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.