A strategic investment in central Riga. Close to the Radisson Conference & Spa, this furnished 18.9 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 18.9 m²
Rental status: Available to rent
Floor: 5/5
Aspect: North, street view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 6.2 % to 9.7 %
Net rental yield before tax: from 5.0 % to 8.5 %
Net rental yield after tax: 4.5 % to 7.9 %
Expected capital return, assuming annual growth in the price per m² of 3 %: 7.5 % to 10.9 %
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: 55 420 €
Acquisition costs (notary 350 €, taxes 831 €, stamp duty 15 €, fees 6 800 €): 7 996 €
Furnishings: furniture and kitchen installation planned (5 500 € – already included in the total budget)
Renovation: 0 €
Improvements: 18 000 €
Total budget: 86 916 € (all expenses listed above included)
Price per m²: 4 599€
Expected net gain on resale in year 6: 28 696 €(ROI: 33 %) to 43 282 € (ROI: 49.8 %)
Expected net gain on resale in year 10: 51 975 € (ROI: 59.8 %) to 77 790 € (ROI: 89.5 %)
Expected net gain on resale in year 16: 91 603 € (ROI: 105.4 %) to 136 252 € (ROI: 156.8 %)
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.