Flat in apartment building, 3 rooms + kitchen + bathroom + glazed balcony, 72 m² — for you or as an investment, Kotka

Bright three-room flat with kitchen, bathroom and glazed balcony.

The flat is an end apartment and therefore bright, with windows facing three directions.

The flat is on the third floor; access from street level is 2½ storeys up.

Sauna, laundry room and storage are in the basement, accessed by going ½ floor down from street level.

The flat is located in Hovinsaari. Nearby are a bus stop, nursery, school, K-market, restaurants, etc.

Services in Kotka town centre are also close: 2–3 minutes by car or about 20 minutes on foot.

Quiet, well-run housing company.

Land ownership: owned.

Flooring: hallway, kitchen and bedrooms have vinyl flooring.

The living room has laminate flooring.

The bathroom is tiled.

All windows have venetian blinds.

Kitchen cabinets are still in relatively good condition — possibly by Puustelli?

Electric oven/cooker in the kitchen.

Fridge/freezer.

Dishwasher present but not installed.

Basement includes a sauna, laundry room and the storage space belonging to the flat.

The flat is partly furnished and was rented from November 2022 to February 2026.

There are currently no tenants.

The rent has been €730.00/month, which appears to be an average price for the area.

The flat is relatively tidy and easy to let.

Example for invested capital: €16,000

The flat is in a debt-free company; the maintenance charge (yhtiövastike) is €417.60.

Rent €730.00 − maintenance charge €417.60 = €312.40/month

12 × €312.40 = €3,748.80/year

Example: at a purchase price of €16,000 the return on invested capital would be 23.43%.

At a purchase price of €20,000 the return would be 18.7%.

The flat is indeed partly furnished; the highest bidder (if their bid is accepted) keeps the furniture.

Furnishings include the kitchen table and a couple of chairs.

Bed in both bedrooms.

White low cabinets in the bedrooms.

Ceiling lights and curtains visible in the photos/videos.

White bookshelf in the living room.

Hall mirror and a small table.

The paintings visible in the photos and video are not included in the auction price.

The highest bidder must pay a deposit of €2,000 within two (2) days after their bid is accepted.

The account number will be given to the bidder when the auction ends.

If you do not have an account, you can still participate in the auction.

Please contact the advertiser, Kuljetus Hannu Tuomalainen, in that case.

It may also be possible to arrange deferred payment for the property.

If you have any questions about the property, please contact the advertiser, Kuljetus Hannu Tuomalainen.