Ready-rented 54 m² two-room apartment for sale in Järvenpää! High return on invested capital!, Järvenpää

The flat is on the building's 6th floor and is in basic condition (surfaces repainted and living room floor replaced in 2023).
There is a tenant in the flat who is very willing to continue living there for as long as possible (retiree).

The rent is €652.00/month which includes water. The housing company charges €22.00/month per person for water contribution, so the net rent is €630.00/month.

Rent increases annually (1 September), max +5%.

Security deposit: €1,875.00

With the current figures the return on invested capital (€10,000) is an impressive 16.94%. With €15,000 it is still over 11%.

There is an option to buy a parking space with a separate share certificate.

As Oy Järvenpään Wärtsilänkatu 76 is located in Järvenpää's Jampa area.

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

 Domestic water flow guard and shut-off automation 2022
 Bitumen membrane roof coating 2021
 Condition survey of balconies and façades 2021
 Condition surveys of plumbing, sewers and drains 2021
NOTE! The scheduling of the following repairs will be planned and refined based on the surveys.
 Condition survey 2019
 Minor roof repairs 2015–2016
 Stairwell lower-lobby painting 2014
 Outdoor lighting improvements 2014
 Periodic maintenance works 2014
 Service building painting 2012
 Sonera broadband 2011
 Sauna renovation 2011
 Control automation centre renewed 2011
 New swing, sandbox and bench for the yard 2011
 SATO periodic inspection (apartments) 2010
 Water-saving fittings 2010
 (3 clocks controlling systems and frost thermostat for ventilation control)
 Heat exchanger renewed 2008
 Ventilation cleaning and adjustment 2008
 Own 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:
Planned for 2025–2026

 Routine maintenance and fault repairs
 Smoke alarms 2025
Planned for 2025–2027
 Planning for balcony and façade repairs and for the full pipe renovation
Planned for 2028–2030, to be specified during project planning
 Repair/replacement of drains and foundations
 Repair of façade element joints and balconies
 Façade renovations
 Replacement of windows and balcony doors
 HVAC renovation
 Renovation of stairwells and common areas
 Other repair and maintenance measures will mainly be routine annual maintenance tasks

Please see the attached documents.

So bid here for yourself a high-yield rental apartment in Järvenpää for a small sum.