BLAUMAŅA RESIDENCE in Riga

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Start: 2022-02-11T06:55:18.833410+00:00
End: 2023-12-31T23:59:59+0000
Location: BLAUMAŅA RESIDENCE

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Project info

Object ID: 18132

Finished at	April 2020
Price, m²	From 3410$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 66.40 m²
Floors	5
Apartments	8
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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

225,060$

Net profit

7,813$

Payback period

22.3 years

Avg property value increase per year

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About the project

Blaumaņa residence” is considered as one of the best works of Karl Felsko, the leading architect of Riga at the end of the 19th century. Felsko is the creator of more than hundred residential and public buildings, most of which are listed in capital’s cultural fund. His designs can be distinguished by the detailed elements of the facade decorations — cornices, pediments, garlands and cartouches that are created according to the traditional laws of harmony and style.

Karl Felsko inherited his talent and love for architecture from his famous father, Johann Daniel Felsko, whose sketches were the base of such masterpieces of Riga as the Small Guild, the Church of St. John, the old church of St. Gertrude and many other historic buildings.

Developer

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