Investment property, Čiekurkalna 6. šķērslīnija street, Čiekurkalns / 225000€

Property description

Spacious Residential Investment Property with Large Land Plot for Sale in Čiekurkalns, Riga

An excellent opportunity to acquire a residential investment property with a generous land plot in Čiekurkalns, one of Riga’s greenest and most desirable neighborhoods. Known for its historic charm, peaceful surroundings, and well-developed infrastructure, Čiekurkalns offers convenient access to the city center and other parts of Riga.

Zoning: Low-Rise Residential Development Area (DzM3)

Property Details
+ Building area: 283 m²
+ Land area: 1,644 m²

Property Features
+ Two-story residential building with masonry and timber construction
+ Five separate apartment units – ideal for renovation and subsequent rental or resale
+ Basement and attic space available, offering additional storage or redevelopment potential
+ Three chimneys
+ Vinyl siding exterior finish

Condition
The property is in relatively good condition and does not require substantial initial investment. The staircase/common areas are well maintained, and several apartments have already been renovated and equipped with private bathrooms.

Investment Highlights
+ Large land plot with further development potential
+ Attractive location in an area with steadily increasing property values
+ Opportunity to create either a historically restored or modern residential project
+ Excellent investment potential through rental income or resale after renovation
+ Flexible redevelopment opportunities for investors and developers

This property combines prime location, solid existing infrastructure, and significant development potential, making it an outstanding opportunity for investors, developers, and long-term property owners seeking value growth in one of Riga’s most promising residential areas.

• Finishing: Condition - partially renovated
• Layout: premises both isolated and connected
• Location: lake nearby, park nearby, shops and cafes nearby, schools and kindergartens nearby
• Parking lot: guaranteed parking space in the courtyard
• Communications: electrical heating, with heating, city water supply, city sewage
• Security: closed territory

Object on the map