• Yearly interest- 18%

  ROI- 6%

  Project term: 4 months

  Maturity date for this project: 12th July of 2025

  Frequency of interest payments: Monthly interest payments

  Object type: Flat

  Size: 41.1 m2

  Adress:  Lilijas street 15A-18 

  Appraisal value:  34'000 eiro

  Purchase price:  25'000 €

  Forced sale value: 23'000€

  Price to Value Ratio (PTV):  67%

  Cadastral number 0100 913 9266

  Floor: 5th

  Bedrooms: 2

  Ceiling height, m: 2.4

• Principal amount: Repaid at the maturity of the loan term

• Appraisal see here!
• Description: 

This property is located in the  area of Riga, Latvia, just 5 km from the city center, approximately a 12 minute drive. The surrounding area is well-developed, offering a variety of local amenities, including bus stops, schools, kindergartens, and medical facilities. Additionally, the land behind the property is owned. The property is fully owned, with a complete 1/1 share. The flat has been renovated, in line with the other flats in the building.

Our business specializes in acquiring undervalued apartments, typically 30-35% below market price, primarily through foreclosures or distressed sales. These properties are strategically selected in urban or high-demand areas, offering strong potential for short-term rentals and renovated homes.

Each apartment undergoes a detailed assessment to identify key renovations, such as modernizing kitchens, upgrading bathrooms, and improving flooring. These enhancements increase the property’s appeal, ensuring it stands out in the market.

While listed for sale, the apartments are fully furnished and rented out on a short-term basis through platforms like Airbnb or Booking.com, attracting tourists and professionals seeking temporary housing. This approach generates income before the apartments are sold, helping to reduce the financial burden of holding unsold properties.