Hoffmann Rezidence in Riga

Name: Sales in Hoffmann Rezidence started!
Start: 2022-02-22T11:04:25.772569+00:00
End: 2023-12-31T23:59:59+0000
Location: Hoffmann Rezidence

Renders

Construction

Live Stream

Property for sale in Hoffmann Rezidence — look at the real estate search engine GEOLN.COM. Photo 1

Property for sale in Hoffmann Rezidence — look at the real estate search engine GEOLN.COM. Photo 2

Reviews about Hoffmann Rezidence

There are no reviews yet. You can be the first who rates it

Project info

Object ID: 18490

Finished at	December 2022
Price, m²	From 3400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 36.70 m²
Floors	4
Apartments	53
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
Add to free Travel & Invest tour
Add to autotour
Personal discount certificate 300$
Free consultation	Ask a question

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

122,400$

Net profit

5,883$

Payback period

15.2 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for Hoffmann Rezidence

About the project

Hoffmann Rezidence is a residential renovation project in Riga, Latvia. The project is located at prime neighbourhood –Klīversala, at the waterfront of river Daugava providing a panoramic view over the Old Town of Riga. The historic centre of Riga is included in UNESCO World Heritage list.

The development of the project foresees renovation of an eclecticism building, which was built at the beginning of 20th century. The purpose of this development project is to preserve the historical value of the building while upgrading it with modern and efficient engineering solutions. Comfortable 1-4 room apartments with high ceilings will have either waterfront or courtyard views, all of that just a 5 minutes’ walkaway from the city centre.