Merks Mezpilseta in Riga

Name: Merks Mezpilseta
Brand: Merks
SKU: 18432
Availability: InStock

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Project info

Object ID: 18432

Finished at	December 2022
Price, m²	From 1670$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 32.00 m²
Floors	5
Apartments	117
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

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

53,440$

Net profit

5,883$

Payback period

6.6 years

Avg property value increase per year

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About the project

The project Merks Mežpilsēta has a unique location between Dreiliņupīte and a pine forest, lending it a special appeal. For residents' well-being, the area around the buildings will be landscaped and greened, fruit trees will be planted, and several children's playgrounds and gazebos will be installed for recreation, celebrations and free time. The project Merks Mežpilsēta is being developed according to Class B energy efficiency requirements.