Cash-flow-positive rented three-bedroom apartment in a pipe-renovated company below local prices, Vantaa

Sold to the highest bidder: a well-maintained, already rented three-bedroom apartment in central Korso at an exceptionally attractive price for the area!

The apartment:
A rented 69.5 m² three-bedroom apartment at Korsontie 18 D 25, Korso, Vantaa. The apartment is on the second floor of Asunto Oy Korson Salkola. Layout: 3 rooms + kitchen + bathroom/WC + walk-in wardrobe + glazed balcony.

The apartment is in good, clean condition. The bathroom was renovated in connection with the housing company's pipe renovation, so the wet rooms are modern and require no upcoming renovation. Three rooms, a kitchen, walk-in wardrobe and glazed balcony form a practical whole. The apartment also includes a basement storage unit, while residents have access to a sports equipment store, drying room, laundry room and hobby room. This nearly 70 m² apartment suits a couple or family well, and demand for such homes is stable in the area.

The housing company:
Asunto Oy Korson Salkola is a well-maintained, 41-apartment stone building completed in 1968. The company owns its 6,807 m² plot and uses district heating. There is a private sauna, as well as rented parking spaces and garages. Fixed broadband and cable TV are included in the maintenance charge. A traditional pipe renovation was carried out in the apartments and common areas in 2017–2018, and in the sauna facilities in 2019. For an investor, the largest individual renovation risk is therefore already behind us. Drainage systems were also renewed at the same time. In addition, the district-heating substation and locks have been renewed. The company's finances are well managed. The maintenance side produced a surplus of €11,347 for the 2025 financial year, and the cumulative surplus on maintenance charges is €26,344. Maintenance costs were below budget and liquidity has been good. The company has no maintenance loan, and the maintenance charge is a moderate €5.20/m²/month. The finance charge has been reduced from €5.80/m² to €5.45/m². The margin on the pipe-renovation loan is favourable, at just 0.60%.

Micro-location:
The apartment is excellently located near central Korso. Pleasant Ankkapuisto park, with its pond, outdoor gyms and playgrounds, is right beside the building. The services of Korso shopping centre are within walking distance: S-market, pharmacy, health centre, dental clinic, restaurants and gyms. Lumo multi-purpose centre houses a library, upper secondary school, sports facilities and a municipal service point, while the area has several nurseries and schools. Transport links are excellent. K trains from Korso station reach central Helsinki in under 30 minutes and Tikkurila in around 8 minutes, with frequent services. There are also several bus connections from Korso to Helsinki. Helsinki Airport is only around 9 km away, while the Lahti motorway and Ring III are nearby for drivers. There are varied opportunities for outdoor activities and exercise: Korso sports park and swimming hall, Leppäkorpi outdoor pool, Kulomäki, and local trails and waterways. Vantaa's largest swimming hall will also be completed nearby as part of the new Elmo sports park. Central Korso will be developed over the coming decades with additional housing and services, supporting the area's appeal and rental demand.

Tenancy:
The apartment is rented to a good and reliable tenant under an open-ended tenancy agreement that began on 1 November 2025. The tenant has lived in the apartment for one year and paid the rent reliably. The rent is €790/month. The tenant also pays water charges according to consumption. The rent is increased annually on 1 November in line with the cost-of-living index. The tenancy deposit is €1,580 in cash (2 months' rent), which transfers to the buyer. Smoking is prohibited in the apartment.

Cash flow and price:
The maintenance charge is €361.40/month and the finance charge €378.78/month. After all costs, the rent produces positive cash flow of €49.82/month. The apartment therefore pays for itself, while the rental income also repays the loan through the finance charge each month. If the buyer repays the loan share, cash flow after the maintenance charge is €428.60/month. The apartment has an allocated housing-company loan of €48,994.55 (as at 31 October 2026), enabling purchase with a low sale price. At the starting price of €49,000, the debt-free price is €97,994.55, or only around €1,410/m². For comparison, asking prices for pipe-renovated three-bedroom apartments in the area are €140,000–€164,000 on Oikotie. Recently, unrenovated two-bedroom apartments in the area have sold for just under €100,000, despite their major renovation still being ahead. Here you get a larger, pipe-renovated and already rented three-bedroom apartment clearly below local prices!

Why this property?
✅ Positive cash flow even with debt → the apartment pays for itself
✅ Low sale price → purchase with limited capital
✅ Debt-free price clearly below local levels
✅ Pipe renovation completed and bathroom renovated → biggest renovation risk behind us
✅ Well-maintained three-bedroom apartment with walk-in wardrobe and glazed balcony
✅ Rented to a reliable tenant, with rent linked to the index
✅ Excellent location in central Korso, with station and services within walking distance
✅ Well-managed company on its own plot → surplus finances and good liquidity

Bid on this well-maintained, cash-flow-positive investment apartment in the Helsinki metropolitan area at an exceptionally attractive price! If you have any questions, please contact us without hesitation.