Ready-rented, cash-flow positive investment flat, cosmetically renovated in the 2010s, Vaasa

Excellent cash-flow addition to an investment portfolio for a small capital outlay – the cheapest one-bedroom flats on Oikotie in Vaasa start from about €46,000

The apartment is rented to a good and reliable tenant from 1 August 2025, with a 2-month rental deposit. The rent is €510 + €15 (electricity) + €56 (water) = €581. The property is in a debt-free housing company. According to the company’s maintenance review, there are no major renovation needs over the next five years. The lock system was replaced with an iLOQ S5 (€334.43) paid in July, so this will not cost the new owner.

The debt-free starting price for this apartment is only €36,000 and it offers over 10% rental yield for this property!

The apartment was cosmetically renovated in the 2010s.

Asunto Oy Vaasan Teerenpesä is located on an inexpensive lease plot owned by the City of Vaasa, which supports the building’s cost-efficiency in the long term. The housing company’s maintenance charge is unusually low for a 1980s two-storey block, only €4.70/m².

All apartments have their own separate entrances, which increases privacy and attractiveness on the rental market. The gallery walkways face a sheltered inner courtyard.

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

The area offers:

• Daycare centres, schools and grocery stores within about one kilometre

• Local amenities such as the Huutoniemi fitness track and football pitch, and Teeriniemi sports services

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

Property highlights 🏠

• Ready-rented to a reliable long-term tenant with a 2-month deposit

• Extremely competitive price – one-bedroom flats on Oikotie in Vaasa currently start at 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

• Excellent buy-to-let opportunity

• No major renovation needs in the next five years

  
  

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