Bitera 6 in Riga

Name: Bitera 6
Brand: ART TERRA
SKU: 18424
Availability: InStock

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Project info

Object ID: 18424

Finished at	February 2021
Price, m²	From 3400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	3
Apartments	20
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

204,000$

Net profit

7,229$

Payback period

21.5 years

Avg property value increase per year

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About the project

"BITERA 6" is three storey apartment building. It is located in quiet and green suburb Imanta, next to Anniņmuiža's park. The building has 20 apartments and variable in size from 60 m2 to 145 m2 with 2 or 3 bedrooms, terrace or loggia. The apartments have full finish. Apartment price also includes car parking in underground car park. In the yard there is a children's playground.