Twenty in Riga

Name: Sales in Twenty started!
Start: 2022-02-09T10:54:40.331931+00:00
End: 2023-12-31T23:59:59+0000
Location: Twenty

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Project info

Object ID: 18056

Finished at	February 2022
Price, m²	From 3200$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 58.00 m²
Floors	6
Apartments	27
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

185,600$

Net profit

7,229$

Payback period

19.5 years

Avg property value increase per year

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About the project

The building was built in 1911 by architect Nikolai Nord. This is a vivid example of Riga Art Nouveau with a tangible influence of British Art Nouveau and neoclassicism.

Architect Nikolai Nord was inspired by strict British modernism with a pronounced vertical rhythm in the style of Charles Rennie Mackintosh.

At the same time, the building has the characteristic features of neoclassicism popular at the turn of the century.

Living in TWENTY means having everything you need for a quality and fulfilling life within walking distance.