Schoolhouse Loft in Riga

Name: Schoolhouse Loft
Brand: One Development
SKU: 18131
Availability: InStock

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Project info

Object ID: 18131

Finished at	May 2020
Price, m²	From 3200$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 33.00 m²
Floors	7
Apartments	51
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

105,600$

Net profit

5,883$

Payback period

13.1 years

Avg property value increase per year

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About the project

The building has undergone a major renovation, including the replacement of communications and load-bearing structures. The Schoolhouse Loft has two new modern elevators from Schindler, a landscaped main courtyard, and a patio - a chamber space with lighting and a spreading chestnut tree, where it is pleasant not only to be, but also just to wander with a glance from the window of your apartment. The appearance of the staircase and the entrance group are recreated in the style of the beginning of the last century and are a hallmark of the historical era where this building comes from. The tile, with a floral relief in typical Art Nouveau tones of emerald green and rich burgundy, was created by the German manufacturer Galem-baukeramik. The installed front doors from Reaton, as well as the complementary black door handles from the Italian company DND habdle, support the overall mood and the chosen style.

Developer

Preserving the historical architecture of Riga and creating comfortable living conditions in a modern city. We reconstruct houses of the 19t…
Details about One Development