Cash-flow-positive, own-land, tenanted two-bedroom flat with a good tenant, Lahti

For sale to the highest bidder: a tidy, already-tenanted 50 m² two-bedroom flat in Lahti. The property has a reliable tenant who always pays rent before the due date. The building has a lift and the housing company owns its plot. Starting price only €14,000!

Flat:
Tenanted 50 m² two-bedroom flat for sale at Turvekatu 4 B 18, Lahti. The flat is in Asunto Oy Lahden Kempinrinne, on the 3rd floor of a building with a lift, and comprises 2 rooms, kitchen and balcony.

The flat is in tidy condition, with laminate flooring. Two rooms, a kitchen and balcony form a practical whole, well suited to a single occupant or couple. Residents also have access to the housing company’s sauna, laundry room and storage units.

Housing company:
Asunto Oy Lahden Kempinrinne is a 42-flat brick-built housing company completed in 1975, consisting of two four-storey buildings. The company owns its 3,664 m² plot, so the buyer will not face ground rent or the risk of increases in ground rent. The buildings are heated by district heating, and there are plenty of parking spaces in the courtyard.

A number of renovations have been carried out over the years:

• Replacement of domestic water pipes in 2010

• Renewal of parking areas and courtyard electrics in 2010

• Installation of lifts in 2008

• Replacement of windows, exterior doors and flat entrance doors in 2005

• Balcony refurbishment in 2005

• Replacement of the plot water main and water meter in 2016

• Replacement of bathroom waterproofing and tiling (7 bathrooms) in 2014–2018

• Surface renovation of the housing company’s sauna facilities in 2013

• Roof replacement in 1985

  
  

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 those working in the capital region. The city is home to LAB University of Applied Sciences and the Lahti campus of LUT University, while moderate prices combined with stable rental demand make Lahti an interesting city for property investors.

Micro-location:
The flat is in a peaceful, nature-oriented area between Kärpänen and Okeroinen, about 4 kilometres from central Lahti. K-Supermarket Okeroinen is only about 550 metres away, and the Laune shopping area is less than 2 kilometres away. The bus stop is right next to the building, and the railway station is about a 10-minute drive away. The area has several nurseries and schools, and major employers such as Kemppi and Kempower operate nearby.

Tenancy agreement:
The flat is let to an excellent and responsible tenant who has lived in the flat since May 2024 and always pays rent before the due date. Rent is €580/month + water charge €25/person/month + sauna charge €10/month. The tenancy deposit is €580 and will be transferred to the buyer. Under the tenancy agreement, the rent may be increased by a maximum of 15%.

Cash flow and price:
The flat’s maintenance charge is €260.00/month (€5.20/m²) and capital charge €250.00/month (€5.00/m²). After all charges, the rent produces positive cash flow of €70/month, or about €840/year. In addition, rental income repays the housing company loan every month, so equity increases monthly. The flat has a housing company loan of €28,890.36 (as at 31 October 2026). Thanks to the housing company loan, the flat can be acquired with a low purchase price. At the starting price of €14,000, the starting unencumbered price is €42,890.36. After the maintenance charge, rental income of €3,840/year remains, giving a rental yield of 9.0% on the unencumbered starting price and an equity return of up to 27.4% at the starting price ((rent − maintenance charge) × 12 / price).

Why this property?
✅ Positive cash flow even with a housing company loan → the flat pays for itself
✅ Excellent tenant → always pays rent before the due date
✅ Starting price only €14,000 → acquire with limited capital
✅ Own plot
✅ Building with a lift; domestic water pipes and windows replaced
✅ Tidy two-bedroom flat with laminate flooring and balcony
✅ Local shop approx. 550 m away and bus stop next to the building