Freehold, cash-flow-positive one-bedroom apartment in prime location, Rovaniemi

For sale: a freehold, relatively new rented apartment in the Rantavitikka area with a parking share! The location is excellent — the university is about 600 m away and the nearest shop is only a few hundred metres from the property.

Rovaniemi:

Rovaniemi is the capital of Lapland and the gateway to northern nature, combining urban life and arctic nature in a unique way. The city is known as the official hometown of Santa Claus and for its busy tourism sector. Rovaniemi continues to grow and has passed the 65,000 resident mark. In terms of attractiveness for movers, Rovaniemi is approaching the top ten most attractive cities in Finland, and growth has continued for 22 consecutive years.
Rovaniemi is also an important education centre, with about 8,000 higher education students at the University of Lapland and Lapland UAS. The city also hosts upper secondary vocational institutions such as Lapland Vocational College and the Lapland Sports Institute.

Micro location:

Rantavitikka is south of the city centre and is home to the main campuses of both the University of Lapland and Lapland UAS. The area has grocery stores and restaurants, and the city centre and railway station are easily accessible. The neighbourhood includes both apartment and detached houses, and the Kemijoki river offers excellent outdoor opportunities. The nearest shop is a few hundred metres away and the university is approx. 600 m from the building.

The building:

Rovaniemen Kinos 2 was completed in 2021 and is constructed of concrete. The pitched roof is covered with bitumen membrane, and the façade combines fibre‑cement boards and wood cladding. The four-storey block with a lift contains 69 apartments. All apartments have either a French balcony or a balcony (as in this apartment). Heating is efficient district heating. The building stands on its own plot. The housing company has 33 parking spaces sold as separate shares.

The apartment:

For sale is a well‑maintained rented 36 m² two-room apartment (2 rooms + kitchenette + balcony) on the third floor of a four-storey building. The layout is practical and fittings modern. The kitchen has a 4-zone induction hob, extractor hood, combination oven, integrated dishwasher and integrated fridge with a separate freezer compartment. The bathroom is tiled and the dry areas are painted. Floors are laminate. The apartment is completed by its own balcony, which adds space and comfort.

As an investor you benefit from the allocated company loan and favourable loan terms. The housing company loan balance allocated to the apartment is €95,469.31 as at 31 December 2025. The loan share will be checked at the time of sale so that the price offer remains gross (debt-free) and the sale price is adjusted according to any change in the debt share.

Parking:

A parking-share with an electrical socket is offered for sale in connection with the apartment at a price of €3,500. The parking space is sold in a separate transaction and is not included in the auction price. There is no loan attached to the parking share. The parking space is rented to the apartment's tenant at €30/month and its maintenance charge is €13.13/month.

Rental yield:

The apartment is let on an open‑ended tenancy agreement. The tenancy began on 28 April 2023 and everything has gone smoothly with the tenant. Rent from 1 May 2026 is €726.60 (+ parking €30/month) + service charges (water €20). The maintenance charge in the company is modest, only €4.20/m². The apartment's maintenance charge is €151.20/month, finance charge €572.70/month and media charge €2.00. The parking maintenance charge is €13.13/month. The finance charge also includes the principal repayment portion.

The property produces positive cash flow: €726.60 + €30 - €151.20 - €572.70 - €13.13 = approx. €20/month

Why this property?

✅ Rovaniemi's growing appeal and developing urban structure make the area attractive for the future.

✅ Services and transport links are close by, supporting good rental demand.

✅ The sale price is favourable thanks to the company loan.

✅ Modern property in a developing area at an attractive price per square metre