Block of flats, 3-room + kitchen, 79 m², 1974, Turku

As Oy Majoitusmestari

Majoitusmestarinkatu 1 F 47, 20360, Turku, Runosmäki

3-room + kitchen, 79 m²

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

-Profitable for investors

    It has been very easy to find tenants for this flat and there have been no vacant months. The lease is open-ended.

-Rent currently €800 + water charge €19 x2 = €838

    Reliable tenant; rent has been paid on time. The tenant pays electricity annually according to consumption, not as a monthly advance, so the yield is slightly higher than stated.

-Maintenance charge currently €638.94

   Service charge €355.74

   Loan repayment charge €220.50

   Electricity advance €14.70

   Water charge x2 €48

Net income €199.06/month

-For buyers wanting to live in the flat

   The tenancy agreement includes the statutory notice periods. The agreement has lasted over a year: if the landlord terminates, 6 months' notice applies; if the tenant terminates, 1 month's notice.

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

   Close to all necessary services such as daycare, school, health centre, shops, restaurants, sports facilities and a bus stop.

-Free broadband/internet provided by the housing company

-Parking spaces are applied for from the property manager

-Own plot

-The apartment's share of the housing company's loans is currently €23,742.92, which is paid as the loan repayment charge monthly (€220.50)

*** With property prices low in 2023 the agent has estimated the price at

€135,000 +/-5% ***

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