Apartment Building — Two-room Flat at a Low Asking Price, Jyväskylä

This is a profitable investment flat offered at a low asking price!

Flat:
The flat is a 63 m² two-room apartment with a balcony, featuring two bedrooms and a combined kitchen/living room. The flat is in basic but tidy condition. It has just been painted and has a new dishwasher and fridge/freezer. The flat is located on the first floor. The bathroom includes the flat's washing machine.

Housing company:
Asunto Oy Jyväskylän Helokantalot is a large housing company completed in 1977. The company comprises 225 apartments and one commercial unit. Major renovations were carried out in 1994–1999 and necessary repairs have been done since. The housing company is very professional and keeps the property in good condition.

Location:

The flat is located in Keltinmäki, Jyväskylä. Jyväskylä is an excellent location for a property investor, as it is home to, among others, the University of Jyväskylä and the university of applied sciences. Keltinmäki is about 5 km from Jyväskylä city centre. Keltinmäki has good basic services, e.g. a Sale shop, library, day-care centre and primary school. Nearby is the Keljo shopping centre, which includes, for example, Cittari, Prisma, Lidl and fast-food restaurants.

There are good bus connections to Jyväskylä city centre. Keltinmäki is a nature-friendly area with varied outdoor activities, e.g. nature trails and cross-country ski tracks.

Yield:

With a rent of, for example, €530 per month, the income after the maintenance charge is €296.90 per month, i.e. €3,562.80 per year. The flat carries a share of the housing company loan of €26,006. The financing charge has been recognised in the housing company's accounts, so an investor can deduct it in their tax return.

Rent level approx. €530–€580

Why this would be a good investment?

* Spacious two-room flat with a large balcony and two large bedrooms

* Large and well-maintained housing company.

* Low asking price