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

Great cash-flow addition to an investment portfolio at pocket-money price!

The apartment is already let to a tenant with good credit who has lived here for a long time (tenancy began on 1 November 2021). The rent is €500.97 + €28 water charge. The property is in a debt-free housing company. According to the building's maintenance report, no major renovation needs are expected over the next 5 years.

The debt-free starting price for this apartment is only €34,000 and it offers over a 10% rental yield for this asset!

The apartment was superficially renovated in the 2010s.

Asunto Oy Vaasan Teerenpesä is located on an affordable leased plot owned by the city of Vaasa, which supports the property's cost-efficiency in the long term. The building's maintenance charge is unusually low for a 1980s two-storey block, only €4.50/m².

Each apartment has its own separate entrance, which increases privacy and appeal on the rental market. The gallery corridors face a sheltered inner courtyard.

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

Local amenities:

• Daycare centres, schools and grocery stores are within about 1 kilometre

• The area includes the Huutoniemi fitness trail and football pitch, as well as Teeriniemi sports facilities

• A local bus stop is right in front of the property, and it is about a five-minute drive to Vaasa city centre.

Apartment highlights 🏠

• Already rented to a reliable long-term tenant

• Cash-flow positive

• Low debt-free sale price

• Over 10% rental yield

• Excellent rental demand in Vaasa

• Superficially renovated in the 2010s

• Great for investment use

• No major renovation needs expected over the next 5 years

  
  

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