Cash-flow-positive, pipe-renovated three-bedroom apartment at a low sale price, with over 31% return on equity + parking space included!, Lahti

Sold to the highest bidder: a cash-flow-positive, pipe-renovated and already let 79.5 m² three-bedroom apartment in Kärpänen, Lahti, at a low sale price. Parking space included!

Apartment:
Let 79.5 m² three-bedroom apartment at Katsastajankatu 17 A 3, Lahti. The apartment is on the first floor of Asunto Oy Lahden Katsastajankatu 17, with the layout 3 rooms, kitchen and balcony.

The apartment is in good condition, and the tenant has kept it exceptionally tidy. The housing company’s 2003 major renovation renewed the bathrooms, domestic water pipes, electrical system and interior surfaces of the apartments. Two bedrooms, a living room, separate kitchen and balcony form a practical whole. The almost 80 m² apartment is ideal for a couple or family, and demand for such spacious homes is stable. Residents also have access to a sauna, laundry room, drying room, and outdoor equipment and pram storage rooms.

The sale also includes parking-space share AP 16 (space with a heater post). The winning bidder gets the parking space included!

Housing company:
Asunto Oy Lahden Katsastajankatu 17 is a three-storey stone building completed in 1982, with 31 apartments and district heating. An extensive major renovation was carried out in 2003, including the renewal of:

• domestic water pipes and bathroom horizontal drains

• bathrooms

• interior surfaces of the apartments

• electrical system

• roof and water drainage system

• ventilation system

• heating pipes and heat exchanger

• façade joint sealants

• foundations and drainage

Since the major renovation, the building has been maintained systematically. A condition survey of the roof was carried out in 2023, followed by the required repairs in 2024. In 2025, the ventilation ducts were cleaned and balanced, smoke alarms were replaced throughout the building, and wet-room inspections were carried out. According to the maintenance-needs report, no major renovations are currently known for the coming years, only normal maintenance and repairs.

The company’s finances have improved. The maintenance account showed a surplus of €19,672 for the 2025 financial year, and the maintenance charge was reduced from €2.30 to €2.10 per share from 1 July 2026. The maintenance charge is now a very modest €4.20/m²/month. The finance charge is recognised as income in the company’s accounts, so an investor can deduct it in full for tax purposes. The general meeting has also authorised the board to refinance the company loan, and the offer received has a margin of 1.15% instead of the current 2.50%.

Lahti:
Lahti is the regional centre of Päijät-Häme and one of Finland’s largest cities. Helsinki can be reached by train in about an hour, making the city attractive also to people working in the capital region. LAB University of Applied Sciences and LUT University’s Lahti campus operate in the city, and its moderate price level combined with stable rental demand makes Lahti an interesting city for property investors.

Micro-location:
The apartment is located in Kärpänen, a peaceful and green residential area with good connections. The nearest shop is only a few minutes’ walk away, while Metsäkangas S-Market, with its pharmacy and services, is about 1.5 kilometres away. The bus stop is right next to the building, and route 6 reaches Lahti city centre in about 10–15 minutes. Route 7 also runs a few hundred metres away, reaching the centre via Hennala and Laune. The city centre is about 3.5 kilometres away.

Tenancy agreement:
The apartment is let to a reliable couple who have lived there since February 2025 and kept it exceptionally tidy. The tenancy is open-ended. Rent is €750/month + water charges of €28/person/month. The tenancy deposit is €750 in cash, which will be transferred to the buyer upon completion. Under the agreement, the rent may be increased annually on 1 January by a maximum of 15%.

Cash flow and rental yield:
The apartment is cash-flow-positive after all expenses. The rent of €750/month covers both the maintenance charge (€333.90/month) and finance charge (€397.50/month), so the apartment pays for itself and rental income reduces the loan every month. As the finance charge is recognised as income, the investor can also deduct it in full for tax purposes. The apartment has a share of the company loan of €50,857.11 (as at 16 October 2026), allowing purchase at a low sale price. At the starting price of [€X], the initial debt-free price is [€X + €50,857.11]. The maintenance charge is €333.90/month, leaving rental income of €416.10/month or €4,993.20/year after the maintenance charge. Based on a starting price of €16,000, the return on equity is 31.2% ((rent – maintenance charge) × 12 / sale price × 100)! The apartment has a share of the company loan of €50,857.11 (as at 16 October 2026), making the debt-free starting price €66,857.11, or only about €841/m². The rental yield based on the debt-free starting price is approx. 7.5%.

Why this property?
✅ Cash-flow-positive after all expenses
✅ Housing company extensively renovated: domestic water pipes, bathrooms, horizontal drains and electrics renewed
✅ Low sale price → invest with limited capital

✅ Over 31% return on equity!

✅ Very low charge
✅ Parking space included!
✅ Spacious, well-maintained almost 80 m² three-bedroom apartment
✅ Already let to a reliable couple
✅ Maintenance charge reduced → company finances improving
✅ Finance charge recognised as income → tax benefit for investor

Bid for this hassle-free, cash-flow-positive, pipe-renovated and already let investment apartment with a parking space! If you have any questions, please feel free to contact us.