Apartment, 3 rooms + kitchen, 79 m², 1974, Turku

As Oy Majoitusmestari

Majoitusmestarinkatu 1 G 54, 20360, Turku, Runosmäki

3R+K 79 m²

A well-maintained three-room apartment in the quiet Runosmäki area and a well-run housing company is looking for a new owner.

-A profitable property for an investor

  It has been very easy to find tenants for the apartment and there have been no vacant months. The agreement is open-ended. The tenant has lived in the flat for over 5 years.

-Rent currently €760 + water charge €19×4 + electricity advance €21 = €857

  Reliable tenant, sometimes paying even a whole year's rent at once over the years. There is room to increase the rent (according to the agreement 5% annually)

-Maintenance charge currently €686.94

  Service charge €355.74

  Capital charge €220.50

  Electricity advance €14.70

  Water charge x4 €96

Yield €170.06/month

-For those seeking an owner-occupied flat

  The tenancy agreement includes statutory notice periods. The agreement has lasted over a year; if the landlord gives notice, the notice period is 6 months, and if the tenant gives notice, it is 1 month.

-Family-friendly area, playground in the yard for the little ones.

  Close to all necessary services such as daycare, school, health centre, shop, restaurant, sports facilities and bus stop.

-Free broadband/internet in the housing company

-Parking spaces applied for from the property manager

-Owned plot

-Share of the apartment's debt in the housing company's loans currently €23,742.92 which is paid as a capital charge monthly (€220.50)

*** With 2023 prices low the agent has estimated the price at €135,000 +/-5% ***

-Attached: the property manager's certificate and other company documents