Rented 31 m² investment flat in Oulu – Järvitie 6 A 20, Oulu

Property

For sale: a tenant-occupied residential flat in Oulu at Järvitie 6 A 20, 90550 Oulu.

The flat is in the housing company Asunto Oy Oulun Utelias-Salpa. The floor area is 31 m². The apartment type in the manager’s certificate is 1 room + alcove + kitchenette + bathroom + balcony.

Rental

The contract rent is €450/month. In addition the tenant pays water according to the contract. The security deposit is €900.

The lease includes a rent review clause: rent is increased annually in line with changes in the cost-of-living index, but by at least 3% each year. The buyer must check the current lease details before completion.

Housing company

The housing company is Asunto Oy Oulun Utelias-Salpa. The buildings were completed in 1973. The company has two apartment blocks and a total of 84 residential units.

The plot is leased. The lessor is the City of Oulu. The main construction material is concrete. Roof type: gable/metal. Ventilation: mechanical. There is no lift in the building.

Charges and loan liabilities

According to the manager’s certificate, the flat’s monthly charges and service fees total €366.62/month.

Breakdown:

• Maintenance charge €102.30/month

• Capital charge 4: €220.10/month

• Capital charge 5: €48.05/month

• Water charge €25.00/month

  
  

The flat’s share of loan liabilities according to the manager’s certificate:

• €24,774.44

• €5,031.13

Total loan liabilities: €29,805.57.

Repairs and maintenance

The manager’s certificate states that the housing company has carried out, among other works, the following repairs:

• 2001: exterior and interior major renovations for the whole company

• 2011: repair of the laundry room screed floor

• 2012: safety rails and top arches fitted to roof ladders

• 2012–2013: maintenance refurbishments of windows and doors

• 2013: ventilation cleaning and adjustment

• 2018: roof repair works based on condition inspection report

• 2019: façade and balcony refurbishment

• 2020–2021: division of flats from 60 units to 84 units

• 2020–2021: new electrical and data network

• 2020–2021: bathroom renewals

• 2022: repair of external storage facilities

  
  

No decided or ongoing repairs are recorded in the manager’s certificate.

Equipment and connections

According to a lease attachment, the flat includes Telia internet connection 10 Mbit/s and cable TV.

The tenant has a separate electricity contract. Water charges are settled according to the meter in the flat.

Energy

• Energy class: D2018

• E-value: 138 kWhE/(m² year)

• Energy certificate issued 20 February 2024

• Valid until 20 February 2034

Sales documents

Available documents: manager’s certificate, energy certificate, budget, and annual accounts and report. The lease agreement is not published as an attachment. Essential lease details are given in the listing, and the buyer will be shown the full terms before completion.

Other

The flat is sold as seen at the time of completion. Buyers are advised to review the lease, the manager’s certificate, the company’s financial information and other sale documents before making an offer.

The manager’s certificate and other documents will be updated within a few days of listing.

AI has been used to style the interiors in the property images.