High-cash-flow investment apartment in Siilinjärvi, 3 rooms, 79 m², 1972, Siilinjärvi

An excellent investment apartment in Siilinjärvi, next to Kuopio, available by auction!

This property offers an excellent package for a property investor in terms of the apartment, housing company and location;

Apartment:

-Good dual-aspect layout with a glazed balcony

-The apartment’s surfaces are in basic condition, well suited to letting

-Few 3-room apartments available in the area -> easy to let

Housing company:

-Renovated between 1997 and 2001 (see the maintenance needs report)

-Security and cost benefits from the large number of apartments (101)

-No significant repairs are planned in the housing company’s long-term plan

-Debt-free housing company with well-functioning administration

Area:

-The area has basic services, efficient transport links, recreational facilities and a school

-Siilinjärvi is a municipality with positive net migration, a 20-minute drive from Kuopio

-The property is only 2 km from Siilinjärvi centre

-The area is excellently suited to families with children and corporate rental use

The apartment is sold let at €595/month + usage charges. Comparable apartments in the same building have been let for approximately €680–700/month, so there is clear potential to increase the rent. The property’s authorised estate agent valuation is €600/m², i.e. €47,400; the document is available on request. At the current rent, the property provides rental income of €2,589.60/year, and over €3,500/year at a realistic market rent.

There are currently only eight 3-room flats for sale in Siilinjärvi, so there is clear scarcity of comparable properties on the market.

Further information and sales:

Jyri Ekman, MSc (Tech)

0405145891 // WhatsApp

jyri.ekman@gmail.com