12-apartment block complex in Haukivuori, Mikkeli — to the highest bidder!, Mikkeli

A 12-apartment block complex in Haukivuori, Mikkeli is being auctioned! All flats have their own saunas!

A complete block of flats is now available in a single sale. The 12-apartment property for sale is located at Luhtitie 19–21, Haukivuori. The property is sold as real estate.

The varied apartment mix consists of studios of 36 m², one-bedroom flats of 60 m² and two-bedroom flats of 73.5 m². The apartments have functional layouts and their own saunas. We purchased the property nearly empty and the apartments have let well at the rental levels shown below.

In Luhtitie 19 building, condition surveys have identified microbial growth in the false-sockel structure; any necessary repairs remain the buyer’s responsibility. As an alternative to repair, the building could be mothballed and left unheated to be used as cold storage.

The plots are not included; the property is located in Haukivuori, Mikkeli, with basic services and public transport within one kilometre. The area suits those who value spacious, quiet and nature-close living. Haukivuori is on the shore of Kyyvesi with good transport links in South Savo: Mikkeli is about 41 km, Jyväskylä 110 km and Kuopio 128 km away.

Acquiring several apartments in one transaction enables efficient portfolio growth without dispersed administration and makes management simple!

It is possible to depreciate the building value for tax purposes at up to 4% annually.

Residential units

Luhtitie 21

Luhtitie 21 AS 1, floor 1, (3-room + kitchen + sauna, 73.5 m²), rent €650.00/month (agreement being updated)

Luhtitie 21 AS 2, floor 1, (2-room + kitchen + sauna, 60 m²), rent €529.00/month

Luhtitie 21 AS 3, floor 1, (1-room + kitchenette + sauna, 36 m²), rent €359.00/month

Luhtitie 21 AS 4, floor 1, (1-room + kitchenette + sauna, 36 m²), rent €359.00/month

Luhtitie 21 AS 5, floor 1, (2-room + kitchen + sauna, 60 m²), rent €529.00/month

Luhtitie 21 AS 6, floor 1, (3-room + kitchen + sauna, 73.5 m²), vacant – bathroom and kitchen with bare concrete; other rooms have new floors

Luhtitie 21 AS 7, floor 2, (3-room + kitchen + sauna, 73.5 m²), rent €609.00/month

Luhtitie 21 AS 8, floor 2, (2-room + kitchen + sauna, 60 m²), vacant, being let

Luhtitie 21 AS 9, floor 2, (1-room + kitchenette + sauna, 36 m²), vacant – requires renovation: at least wall levelling and painting

Luhtitie 21 AS 10, floor 2, (1-room + kitchenette + sauna, 36 m²), rent €359.00/month

Luhtitie 21 AS 11, floor 2, (2-room + kitchen + sauna, 60 m²), rent €529.00/month

Luhtitie 21 AS 12, floor 2, (3-room + kitchen + sauna, 73.5 m²), vacant, being let

Total rents €3,923.00
In addition to rent, tenants have paid a water advance of €25/person/month.
Electricity according to consumption (tenant arranges electricity contract).

Luhtitie 19 - Empty building

Luhtitie 19 AS 1, floor 1, (3-room + kitchen + sauna, 73.5 m²)

Luhtitie 19 AS 2, floor 1, (2-room + kitchen + sauna, 60 m²)

Luhtitie 19 AS 3, floor 1, (1-room + kitchenette + sauna, 36 m²)

Luhtitie 19 AS 4, floor 1, (1-room + kitchenette + sauna, 36 m²)

Luhtitie 19 AS 5, floor 1, (2-room + kitchen + sauna, 60 m²)

Luhtitie 19 AS 6, floor 1, (3-room + kitchen + sauna, 73.5 m²)

Luhtitie 19 AS 7, floor 2, (3-room + kitchen + sauna, 73.5 m²)

Luhtitie 19 AS 8, floor 2, (2-room + kitchen + sauna, 60 m²)

Luhtitie 19 AS 9, floor 2, (1-room + kitchenette + sauna, 36 m²)

Luhtitie 19 AS 10, floor 2, (1-room + kitchenette + sauna, 36 m²)

Luhtitie 19 AS 11, floor 2, (2-room + kitchen + sauna, 60 m²)

Luhtitie 19 AS 12, floor 2, (3-room + kitchen + sauna, 73.5 m²)

Parking and common areas
The site includes 6 carport spaces and 17 parking spaces with electric posts, rented at €25/month. The yard also has a bin shelter and a service building.

Property details

Address: Luhtitie 19–21, 51600 Haukivuori

Year built: 1978
Land area: 0.4090 ha + 0.3130 ha = 0.7220 ha

Units: 24 (12 in residential use)

Floor area: 1,356 m²

Buildings: 2 residential buildings, 1 service building

Building type: Courtyard apartment block

Heating system: District heating / water-circulated radiator heating

Ventilation: Apartment-specific mechanical ventilation with heat recovery

Structural frame: Timber frame / concrete structures

Foundation: Reinforced concrete plinth, strip footings

Facade: Mainly brick cladding, built on site

Ground floor: Ground-bearing concrete slab

Intermediate floor / roof structure: Concrete / timber

Roof type / material: Gable roof, roofing felt

Communications: 10 Mbps broadband on the property + cable TV

Repair and maintenance history

Repair and refurbishment works carried out on the Luhtitie 19–21 apartments can be viewed in the maintenance needs report attached.

Mikkeli as an investment city
Mikkeli, the regional centre of South Savo with approximately 52,000 residents, is one of Finland’s 20 largest cities. Mikkeli has a lively centre and has grown through municipal mergers. The city offers a nature-close living environment as well as a wide range of central services. One attraction, besides varied nature, is the ease of living: distances are short and many destinations are reachable on foot or by bike.

As a university town, Mikkeli offers students many opportunities and has strong traditions as a student city. About 3,000 students attend the South Savo Vocational College and some 4,000 study at XAMK’s Mikkeli campus. There is also the Mikkeli University Consortium — a networked centre of expertise combining three universities and about 130 professionals (Aalto University, University of Helsinki, LUT University and the City of Mikkeli). The universities collaborate on research, education and region-developing solutions in areas such as sustainability, entrepreneurship and digital change.

Mikkeli’s location is central with excellent transport links. Helsinki is about 230 km away and several larger cities are nearby. Public transport is functional both between towns and within the city, including bus services to surrounding municipalities. Saimaa, Puula, Kyyvesi and smaller waterways are part of everyday life. Beautiful scenery, green forests and nature trails attract residents from further afield.

More information about this property from:
Matti Honkasalo, Sijoitusasunnot.com Group Oy
041 439 2489
matti.honkasalo@sijoitusasunnot.com