8.5% NOI 16% Return Apartment building for sale

48 Rental apartments. All leased and in excellent condition, in Riga centre.

Price is 2.95 million Euros, below valuation.

Investor needs 1.1 million Euros. Rest is bank mortgage.

Investor will receive a 16% return annually on their investment, before profit tax.

Comes with management that can continue to do all functions – so easy to manage from a distance.

Freehold land. Low profit tax country of 15%. No foreign owner restrictions. Landlord friendly country.