Cash-positive, well-maintained investment apartment with a long-term tenant, Vaasa

This is an excellent cash‑flow opportunity for an investment portfolio with pocket money – Vaasa’s cheapest one‑bed flats on Oikotie starting from about €46,000.

The flat is already rented to a tenant with clean credit and long tenure; the tenancy began on 1 November 2021. The rent is €500.97 + €28 water charge. The building is debt‑free. According to the building’s maintenance review, there are no major renovation needs in the next five years.

The debt‑free starting price for this flat is only €34,000 and it offers over 10% rental yield for this unit!

The flat was cosmetically renovated in the 2010s.

Asunto Oy Vaasan Teerenpesä sits on an affordable municipal leasehold in Vaasa, which supports long‑term cost‑efficiency. For a 1980s walk‑up the service charge is unusually modest, only €4.50/m².

All flats have their own separate entrances, which increases privacy and appeal on the rental market. The external walkways face the sheltered inner courtyard.

Teeriniemi is only about 2–3 kilometres from Vaasa city centre.

The area offers:

• Day‑care centres, schools and grocery stores within about 1 kilometre

• Facilities such as Huutoniemi fitness track and football pitch, and Teeriniemi sports services

• A local bus stop right in front of the property and a roughly five‑minute drive to Vaasa centre

Best features of the flat 🏠

• Already rented to a reliable, long‑term tenant

• Extremely competitive price – one‑bed flats on Oikotie in Vaasa currently start from about €46,000

• Cash‑flow positive property

• Low debt‑free sale price

• Over 10% rental yield

• Excellent rental demand in Vaasa

• Cosmetically renovated in the 2010s

• Great for investment use

• No major renovation needs in the next five years

  
  

This property is ideal for an investor seeking strong cash flow and high returns with little capital!