Renovated, already rented three-room apartment in a fully refurbished building — over 10% rental yield, Jyväskylä

Bid for a 2021-renovated, already rented apartment in Jyväskylä's Myllyjärvi from a fully refurbished housing company!

Apartment:
A rented 74 m² three-room through-apartment is for sale in Jyväskylä, Myllyjärvi, at Tuulimyllyntie 14 B 28. The apartment is in Asunto Oy Jyväskylän Tuulenhuippu and is described as 3h+k+kh+p (three rooms + kitchen + bathroom + balcony). It is on the 1st floor and includes a balcony and a separate walk-in wardrobe. The kitchen and surfaces were renovated in 2021, so the apartment is in good condition. The layout is practical and the through-apartment brings light from both sides: kitchen, living room, two bedrooms, bathroom and wardrobe form a functional whole. The 74 m² three-room offers ample living space for the tenant and is an easily rentable size for an investor. The property is ideal for an investor seeking an already rented, renovated apartment at a low purchase price.

Housing company:
Asunto Oy Jyväskylän Tuulenhuippu is a well-maintained two-building company completed in 1981 in Myllyjärvi. The company has a total of 43 apartments and 43 parking spaces and is heated by district heating.

Numerous repairs have been carried out over the years: in a major renovation in 2002 drains and water pipes, bathrooms and the electrical system were renewed (a more detailed list can be found in the attachments). In addition, the heat exchanger was renewed in 2023 and the subsoil drainage, stormwater system and foundation wall were repaired in 2023. The company's finances are well managed: the operating margin was positive in the most recent financial year and the cumulative surplus of the maintenance charge was €52,902.72. Liquidity is good and the maintenance charge is moderate at €4.70/m²/month. In the coming years the maintenance plan foresees a condition survey, cleaning, measurement and adjustment of ventilation ducts, and replacement of smoke detectors in the apartments.

City:
Jyväskylä is one of Finland's fastest-developing cities, combining a stable rental market, a growing population and a strong education cluster. With over 144,000 residents the city functions as the economic, education and service centre of Central Finland and attracts thousands of new residents each year, especially young adults, students and working-age people. The University of Jyväskylä, the university of applied sciences and numerous upper secondary institutions ensure continuous demand for small and medium-sized rental homes, and turnover of rental apartments is active. Employment has developed positively and the city has attracted new companies and investment.

Micro-location:
The apartment is located in Myllyjärvi in a pleasant and quiet area. The area offers good basic services and excellent outdoor opportunities. There are extensive outdoor routes and a beach nearby. The Keljo shopping centre is within walking distance, offering comprehensive services and shops. The windows overlook park-like views of the yard. Transport links to the city centre are good both by car and by bus – the bus stop is very close to the building.

Tenancy agreement:
The apartment is rented to a reliable tenant. The tenancy agreement is open-ended, starting on 1 May 2026, and the first possible termination date is 1 March 2027. The rent is €780.00/month + utilities. The tenancy security consists of a one-month rent deposit and a separate personal guarantee, which transfers to the new owner with the tenancy agreement on sale – this provides good protection for the investor against non-payment of rent.

Yield:
The apartment's debt-free starting price is approx. €49,000, i.e. €662/m², and the sale price is exceptionally low at €17,500. After the maintenance charge the rent yields €432.20/month, i.e. €5,186/year, which produces a rental yield of 10.6% on the debt-free price. Return on equity with a purchase price of €17,500 is almost 24%! The apartment carries company loan of approx. €31,510, which allows entry with a small amount of capital. The financing charge is recognised in the housing company's accounts, so the investor can deduct it fully for tax purposes.

Why is this a good investment?

✅ Low purchase price → High return on equity and entry with little capital

✅ Kitchen and surfaces renovated in 2021, well-maintained through-apartment

✅ Pipe and electrical renovation done in the 2002 comprehensive refurbishment

✅ Rental yield over 10%

✅ Already rented to a reliable tenant

✅ Location close to Keljo services

✅ Financing charge recognised → full tax deduction

Buy this renovated, already rented investment apartment cheaply! If you have any questions, please contact us.