Apartment for sale in Jelgava

Address Pumpura iela 7, Jelgava	Building Small families pr. (1970-1990)
Rooms 1	Area, m2 36.7
Floor 5 / 5
For sale: a 1-room apartment with a spacious loggia in Jelgava, located in a quiet neighborhood. An excellent opportunity for those who want to create a home according to their own preferences or are looking for a promising investment property with high rental demand. With relatively small investments in upgrading the apartment, it is possible to achieve a rental rate of approximately 6–7 EUR/m², ensuring stable monthly income. A promising investment with a potential return of up to 10% per year — significantly higher than the returns currently offered by some bank deposits, considering the stable demand for rental apartments in this area. Several faculties of LBTU are located nearby, making this area popular among both Latvian and international students. The property was previously used as a service dormitory apartment and is currently vacant and ready for a new owner. Utilities: • Electricity; • City water supply and sewerage. A connection to the centralised hot water system is planned. The building’s risers will be replaced; • Central heating from “Gren”. The building is managed by SIA “Selectum Home”. Costs: • Management fee – EUR 0.75/m² + VAT; • Reserve fund – EUR 0.20/m². Other 1-room apartments on different floors and in various technical conditions (mostly requiring renovation) are also available, allowing buyers to choose the most suitable option for either living or investment. Excellent infrastructure nearby: • next to RAF shopping centre; • close to Lidl, the new JYSK and other stores; • several kindergartens and two schools nearby; • convenient public transport connections; • quick and easy access to Riga. A great opportunity to purchase a property with potential at an affordable price.