Pre-rented investment apartment, three-room flat, Rovaniemi, 87 m2, Rovaniemi

An already rented three-room flat is being auctioned in Rovaniemi, a favourite city for property investors. Annual rental income is about EUR 1,830.

Shares no. 739-825 (3 rooms + kitchen, 87 m2) and 1101-1107 in Asunto Oy Rovaniemen Petäjässaaririvit (Business ID 2157206-7), entitling the holder to control apartment B3 and garage b3 at Koirakuja 10, b3, 97160 Petäjäinen

The apartment is rented on an open-ended tenancy agreement. The property photos were taken in October 2025.

The shares are free of debt.

Rent EUR 595/month + water charges EUR 64.

Maintenance charge for the apartment EUR 408.90/month.

Garage charge EUR 32.90/month

Water charge EUR 32/person.

Rental yield calculation:

Rent: EUR 595/month

Maintenance charge + garage charge: 408.90 + 32.90 = 441.80

Rental income per month: 595 - 441.80 = EUR 153.12/month

Rental income per year: (153.12 x 12) = EUR 1,837.44/year

Apartment

The apartment has two floors. The flooring is parquet/wooden plank flooring. The walls are mainly painted white. Some walls are wallpapered. The bathroom has painted walls and the lower walls are tiled. A separate shower cubicle adds to the comfort of living in the bathroom. The shares include a private garage.

Tenancy agreement

The tenancy agreement started on 1 May 2024. Rent EUR 595/month. Rent is tied to the cost of living index. No separate fee is charged for the garage. The tenant pays for water according to the housing company’s current charge, currently EUR 32/person/month. The tenant has a security deposit equal to 1 month’s rent. Smoking is prohibited. Keeping pets in the apartment is prohibited without written permission. The tenant pays the rent on time.

Rovaniemi

Rovaniemi rose to first place as the best city for property investment in the Suomen Vuokranantajat ranking. Its advantages are good rental demand and a low number of vacant apartments. Rovaniemi is the Arctic capital of Lapland. It combines small-town atmosphere, Lapland culture and internationality. Rovaniemi receives 0.95 million tourists annually and has a total of 1.5 million overnight stays.

In 2025, Rovaniemi had over 66,000 residents. The population has grown for 22 consecutive years. On average, the population growth in Rovaniemi has been about 400 residents per year. The 10-year average for the previous years is 422 people/year (Source: Statistics Finland).

Micro location:

The apartment is located in the middle of nature in beautiful Petäjäinen, approx. 30 km from the centre of Rovaniemi.

Housing company

Asunto Oy Rovaniemen Petäjässaaririvit is a terraced house company on its own plot with 18 apartments. The housing company was completed in stages. The first buildings were completed in 1963 and the last part in 1971. The housing company’s maintenance charge is EUR 4.7/m2/month. Each apartment has its own garage, and in addition there are 8 extra garages, i.e. 26 garages in total.

The management of the housing company has faced challenges in previous years. The situation improved during 2026. In June 2026 the company held a general meeting, where the financial statements were approved, a new maintenance charge of EUR 4.7/m2/month was set, and a new board was elected.

Housing company: Asunto Oy Rovaniemen petäjässaaririvit
Address: Koirakuja 6-16, Rovaniemi
Year completed: 1963-1971
Maintenance charge: EUR 4.7/m2/month
Water charge: EUR 32/person/month
Plot: own plot
Heating: electric heating

Energy class: unknown
Roof: bitumen roof with tiles

Planned renovations 2026-2030

2026 Controlled drainage of rain and melt water around the company’s buildings and partial improvements to yards and access routes. Cleaning and servicing of air-to-air and air-to-water heat pumps, and necessary maintenance repairs to the equipment. Condition survey of windows, inspection and servicing of roofs, preparation of an energy certificate

2027 Flushing and condition survey of the drainage system, condition surveys of wet rooms

2028 Condition survey of electrical systems

2029 No plans

2030 No plans

Completed renovations

2025 Koirakuja 16 C 4 bathroom renovation, Koirakuja 10 drainage tray blocked, new heating element and intermediate floor to the drip tray, Koirakuja 16 domestic hot water control not working, ordered a new 3-way valve from Ouman and replaced the leaking valve and faulty actuator and adjusted the operation of the water heater, 15 radiant lamps + rental of a Dinolift lift, replacement of dusk switch and electric heater in Koirakuja 16 A, Koirakuja 16 C 3 moisture survey + reporting,

2024 Koirakuja 10 apartment 3 wet-room levelling compound 20 kg + paint, Koirakuja 10 apartment 3 basement corridor repair work, Koirakuja 16 heating distribution room water heater replacement work, Koirakuja 16, two hot-water heaters, one blows fuses, electrical installation work, Koirakuja 10 C 3 moisture survey + reporting, Koirakuja 16, D 4 survey + reporting

2023 The fuse for the shared heating supply at Koirakuja 10 burned out. Larger fuses were installed.

Heat pump not working, backup heating control curve lowered. Circulation pump broken, replaced with a new Grundfos pump, Koirakuja 10 sauna building water line shut-off, 10 A 4 shower mixer replacement, Koirakuja 16 A 3 washbasin mixer Oras, Koirakuja 10 A 4 thermostat bath and shower mixer

Supplies washbasin IDO bracket, angle connector and

drain seals

2022 Lift door, repair of heat pump leak, repair of cooling system, hot water tank contactor, TV not visible at all, fault tracing and repair

2017 Felling of yard trees, construction of a deep collection system for Molok waste, termination and reconnection of electricity supply points, reduction of billing fuses

2016 Repairs to electrical, data and antenna systems

Repairs to water and drainage systems