A strategic investment in central Riga. Close to the Radisson Conference & Spa, this furnished 34 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 34 m²
Rental status: Available to rent
Floor: 5/5
Aspect: North, street view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 6.8 % to 7.1 %
Net rental yield before tax: from 5.9 % to 6.2 %
Net rental yield after tax: 5.2 % to 5.5 %
Expected capital return, assuming annual growth in the price per m² of 3 %: 8.2 % to 8.5 %
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 8,405 € to 8,787 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 1,996 € to 2,051 €
Net operating income: 6,409 € to 6,736 €/year
Sale price: 105,400 €
Acquisition costs (notary 209 €, taxes 2,108 €, stamp duty 15 €, fees 6,800 €): 9,132 €
Furnishings: furniture and kitchen installation planned (8 500 € – already included in the total budget)
Renovation: 0 €
Total budget: 123 032 € (all expenses listed above included)
Price per m²: 3,619 €
Expected net gain on resale in year 6: 45 245 € (ROI: 36.8%) to
46 861 € (ROI: 38.1%)Expected net gain on resale in year 10: 79 709 € (ROI: 66.5%) to
81 861 € (ROI: 68.9%)Expected net gain on resale in year 16: 144 095 € (ROI: 117.1%) to
149 040 € (ROI: 121.1%)Short-term rental possible
*The photos show the actual apartment nº44.
*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.