Cheap debt-free 3-room flat (3h + kitchen + bathroom) with glazed balcony, 72 m² — for buyer or investor, Kotka

Priced very low — take it!

Available immediately.

Bright through flat: 3 rooms + kitchen + bathroom + glazed balcony.

The apartment is an end unit, so it is bright with windows facing three directions.

The flat is on the third floor, accessed from street level via 2½ flights of stairs.

Sauna, laundry room and storage are in the basement, accessed half a flight of stairs down from street level.

The property is in Hovinsaari. Nearby: bus stop, day nursery, school, K-market, restaurant, etc.

Kotka town centre's services are also close: 2–3 minutes by car or about a 20-minute walk.

Pictures 1 and 2: Views from the living room balcony towards the yard

Picture 3: balcony (top right)

Pictures 4 and 5: Views from the bedrooms towards the street

Picture 6: building end, floor 3 — bedroom windows

Picture 7: top left — kitchen window

Quiet, well-managed housing company

Plot ownership: owned (freehold)

Flooring: entrance, kitchen and bedrooms — vinyl.

Living room: laminate.

Bathroom: tiles.

All windows have Venetian blinds.

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

Electric oven/stove in the kitchen

Fridge/freezer

Dishwasher (not installed)

Downstairs: sauna, laundry room and a storage unit belonging to the apartment.

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

There are currently no tenants.

The rent has been €730.00 / month.

The flat is tidy and easy to rent out.

Example for invested capital of €16,000.00

The apartment is debt-free; monthly service charge (yhtiövastike) is €417.60.

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

Rental yield: 12 × €312.40 = €3,748.80 / year

Example: with an auction price of €16,000.00, the invested capital would yield 23.43% if rent is €730.00 / month.

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

The flat is indeed partly furnished and the highest bidder will keep the furniture if the bid is accepted.

Furnishings include the 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 pictures and video are not included in the auction price.

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

The account number will be provided to the bidder after the auction ends.

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

In that case please contact Huutokaupat.com or the advertiser Kuljetus Hannu Tuomalainen.

It may be possible to arrange deferred payment for the lot.

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

To view the apartment, contact Kuljetus Hannu Tuomalainen