Pre-rented 31.5 m² studio with long-term tenant, Järvenpää

Now being sold to the highest bidder: a pre-rented 31.5 m² studio in Järvenpää!

The flat is on the building's second floor and is in basic condition.

The same tenant has lived in the flat since 2004 and wishes to continue living there.

The rent for the flat is €588.61, which includes water. The housing company charges €22/month per person for water, so the net rent is €566.61/month.

The rental income for the flat is €3,397.32 per year.

So, at an auction price of €30,000 this studio yields an 11.3% rental return!

In addition to the flat, a separately share-owned parking space is sold pre-rented. Parking rent is €13/month and the parking charge is €16.88/month.

As Oy Järvenpään Wärtsilänkatu 76 is located in Jampas, Järvenpää.

The housing company was completed in 1976. The property is on a leased plot; the following renovations/improvements have been carried out:

 Flow guard and shut-off automation for domestic water 2022

 Bitumen roof membrane coating 2021

 Condition survey of balconies and façades 2021

 Condition surveys of piping, sewers and drains 2021

NOTE! The execution and schedule of the following repairs will be planned and refined based on the condition surveys.

 Condition survey 2019

 Minor roof repairs 2015–2016

 Stairwell lobby painting 2014

 Improved outdoor lighting 2014

 Scheduled refurbishments 2014

 Service building painting 2012

 Sonera broadband 2011

 Sauna renovation 2011

 Control centre renewed 2011

 New swing, sandbox and bench for the yard 2011

 SATO periodic inspection (apartments) 2010

 Water-saving fittings 2010

 (3 clocks to control systems and freeze thermostat for ventilation control)

 Heat exchanger renewed 2008

 Ventilation cleaning and adjustment 2008

 Individual antenna amplifier installed 2006 (previously communal antenna)

 Pressure boosting station 2005

 Antenna distribution network refurbishment 2001

 Replacement of balcony doors and windows 2000

 Balcony renovation and painting 1996

 Major roof renovation 1995

Planned repairs/improvements:

For 2025–2026

 Routine maintenance and repairs

 Smoke detectors 2025

For 2025–2027

 Planning of balcony and façade repairs and of the piping renovation

For 2028–2030, details to be finalised as project planning progresses

 Drainage and foundation repairs/replacements

 Façade element joint and balcony repairs

 Façade renovations

 Replacement of windows and balcony doors

 HVAC renovation

 Renovation of stairwells and common areas

 Other repairs will mainly be routine annual maintenance tasks

Please review the attached documents.

Bid here to secure a high-yield property in Järvenpää for a modest sum.