Investment property, Lomonosova street, Centrs / 400000€

Property description

Building in a Prime Location – Surrounded by Universities!

Within walking distance to the University of Latvia (LU), Transport and Telecommunication Institute (TSI), and ISMA. This location is a perfect investment opportunity, as the area is home to a large number of international students, ensuring a stable demand for rental properties.

The layout allows for a quick and efficient adaptation of the building into a student dormitory, hostel, co-living space, or compact apartment building. The property can accommodate up to 67 beds, generating a steady rental income from long-term tenants. Rental calculations can be based on at least €150 per bed. Additionally, the building is ideal for a company in need of office and small production spaces.

The property consists of a renovated administrative building (built in 1976, renovated in 2006) and a spacious 3,822 m² land plot with significant development potential – zoning regulations allow for construction up to 6 floors.

The building has two staircases and multiple entrances, allowing it to be divided into separate floors or two independent sections. The area is rapidly developing, with several nearby buildings undergoing major renovations and infrastructure improvements.

A unique opportunity to invest in a high-demand rental property – don’t miss out!

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