Ready-to-let tidy apartment with strong rental yield!, Siilinjärvi

Sold to the highest bidder!

Now up for auction: a tidy 86.5 m2 apartment in Simonsalo, Siilinjärvi! 🤩

The apartment is located on the first floor of a three-storey building at Anteronkierto 17, 71800 Siilinjärvi. 📍

This well-kept home is occupied by a long-term tenant who pays rent of 745.06 €/month + operating costs.

This means the apartment generates a rental return of a whopping 3,024 euros per year! 💰✨

If the winning bid is €30,000, the apartment will produce more than 10% rental yield per year!

The apartment has a bathroom in good condition, and the tenant has taken excellent care of the flat.

Siilinjärvi is an attractive and stable municipality for property investment, where moderate housing prices meet strong rental demand. 🔥

🚗 Excellent location, only about a 20-minute drive from Kuopio.

💼 Good transport connections attract working residents to the area.

🏠 Smart, large family apartments are rarely available on the Siilinjärvi rental market!

This property offers the investor not only an excellent rental yield but also positive cash flow! ✅

The company underwent a major renovation in 1997–2001, so the large repairs have already been comprehensively dealt with.

Below you will find a more detailed list of completed and upcoming repairs! 👇

Board report on maintenance needs (2026–2030)

Under the Limited Liability Housing Companies Act, an estimate of future maintenance work that may materially affect the use or costs of the flats:

• Roof: An assessment of roof repairs will be commissioned and the necessary measures carried out on the basis of it, if the roof is in poor condition.

• Ventilation: Cleaning of ventilation ducts and adjustment of airflow rates.

• Energy: Energy optimisation will be examined.

• Heating system: Condition inspections of district heating equipment and checks and adjustments of heating curves.

• Water and sewer network: A pressure reducing valve will be installed in the domestic water network (reduces network pressure and water consumption).

• Locks: Renewal of the locking system.

• Windows and doors: Inspection of seals and, if necessary, repairs to seals and fittings.

• Bathrooms: Condition check of welded seams in plastic mat floors and repairs if necessary.

• Balconies: The concrete railings of the AK 17 balconies require renovation or, alternatively, replacement with steel-frame railings at the end of the review period.

Previously completed major maintenance and alteration works
Major renovation (approx. 1997–2001)
The renovations were carried out in stages in the buildings between 1995 and 2001. The renovation included the following works:

• Piping and water fixtures: Domestic water pipes, balancing and shut-off valves, and water fixtures renewed. Hot and cold water consumption meters were installed in each apartment (equalisation billing in 4-month periods). Asbestos insulation was removed from old pipework.

• Heating network: New balancing and shut-off valves, as well as new thermostatic valves and controllers, were installed. The heating network was balanced.

• Drains: Rainwater drains and roof drains renewed according to the site plan. Stormwater and waste water drains are standard-approved PVC drain pipes.

• Bathrooms: The apartments' bathrooms were renovated, and the old wall drain model was replaced with a floor drain.

• Apartment interior surfaces and fixtures: Fixed furnishings in the kitchen, hall, bathroom/WC and bedrooms, as well as kitchen appliances, were renewed. Wall and ceiling surfaces in dry areas were repainted and plastic floor coverings renewed.

• Windows and doors: Apartment windows (MSEL 170) and balcony glazed doors renewed. Apartment doors renovated. Metal stairwell doors and vestibule doors renewed. Other doors in common areas renewed or renovated.

• Balconies: Balconies renovated and Lumon balcony glazing installed on AK 15 balconies.

• Roof: The roof of the buildings and the uppermost balconies renewed with a two-layer rubber bitumen membrane. Roof drainage renewed (new roof drains with electric de-icing cables), eave sheet metal and edge raising battens renewed. Safety rails installed on roof ladders.

• Common areas: Sauna section, storage rooms, stairwells, staircases and cold cellars renovated. Electric underfloor heating installed in the sauna, washroom and laundry room floors.

• Yard area: Area lighting and car heating posts renewed/serviced. A new waste shelter built. Drainage systems flushed. Outdoor equipment (swings, dusting stands, waste and sand bins) renovated or renewed.

• Facade: Facade joints renewed. Exterior wall board surfaces renewed, panel surfaces renovated and repainted, and plinths renovated and coated.

• Ventilation: Common ventilation units serviced or renewed in connection with the major renovation. New two-speed exhaust fans installed in the common sauna facilities, controlled by an outdoor-thermostat-controlled day/week timer.

Other major renovations and maintenance after the major renovation

• Cleaning and adjustment of ventilation ducts:

  • AK 17: 05/2011

  • AK 15: 10/2018

• Renewals and servicing of exhaust fans:

  • AK 15: Exhaust fans renewed 02/2006

  • AK 17: Exhaust fans renewed 05/2011, bearings replaced 11/2014

• Bathrooms: Apartment bathrooms renewed as needed during 2010–2022.

• Safety and inspections:

  • Air-tightness tests of civil defence shelters carried out in 2015

  • Fire inspection of the housing company completed

So now hurry up and bid on this tidy and profitable investment property for yourself!