Apartment block, debt-free: 3-room + kitchen + bathroom + glazed balcony, 72 m² — for owner-occupier or investor, Kotka

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

The apartment is an end unit of the building and therefore bright, with windows facing three directions.

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

Sauna, laundry room and storage facilities are in the basement; access from street level is down half a storey.

The apartment is located in Hovinsaari. Nearby are a bus stop, daycare, school, a local shop, restaurants and other services.

Kotka town centre is also close: about 2–3 minutes by car or roughly 20 minutes on foot.

Photos 1 and 2: views from the living room balcony towards the courtyard.

Photo 3: the balcony at top right.

Photos 4 and 5: bedroom views to the street.

Photo 6: end of the building, third floor — bedrooms' windows.

Photo 7 (top left): kitchen window.

Quiet, well-run housing company.

Plot ownership: freehold.

Flooring: entrance, kitchen and bedrooms with vinyl flooring.

Living room with laminate.

Bathroom tiled.

All windows have venetian blinds.

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

Kitchen with electric oven/stove.

Fridge/freezer.

Dishwasher (not installed).

Basement contains a sauna, laundry room and the storage space belonging to the apartment.

The apartment is partly furnished and has been rented from November 2022 until February 2026.

There are currently no tenants.

Rent has been €730.00 /month.

The apartment is neat and easy to rent out.

Example return on invested capital if €16,000.00

The company has no debt; maintenance charge is €417.60.

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

Net income 12 × €312.40 = €3,748.80/year

Example: with invested capital of €16,000.00 (auction price) you would get a 23.43% return if the rent is €730.00 /month.

With an auction price of €20,000.00 invested capital the return would be 18.7% if the rent is €730.00 /month.

The apartment is partly furnished; the highest bidder will keep the furniture if their bid is accepted.

Included furniture: kitchen table and a couple of chairs.

Beds in both bedrooms.

White low cabinets in the bedrooms.

Ceiling lights and curtains visible in the photos/videos.

White bookcase in the living room.

Hall mirror and small table.

Paintings shown in 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 offer is accepted.

Account details will be provided to the bidder once the auction has ended.

If you do not have credentials you can still participate in the auction.

Please contact Huutokaupat.com or the seller, Kuljetus Hannu Tuomalainen.

It may also be possible to arrange deferred payment.

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

For viewings, contact Kuljetus Hannu Tuomalainen.