Cash-flow-positive renovated investment apartment – freehold plot and reliable long-term tenant, Lahti

For sale to the highest bidder: a neat, tenanted 50 m² one-bedroom apartment in Lahti. The property has a reliable long-term tenant. The building has a lift and the company owns its plot. Starting price only €14,000!

Apartment:
Tenanted 50 m² one-bedroom apartment for sale at Turvekatu 4 D31, Lahti. The apartment is located on the 1st floor of a building with a lift owned by Asunto Oy Lahden Kempinrinne, and comprises 2 rooms, kitchen and balcony.

The apartment is in neat condition, with well-maintained vinyl flooring. Two rooms, a kitchen and balcony form a practical whole, well suited to a single person 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-apartment brick building company completed in 1975, consisting of two four-storey buildings. The company owns its 3,664 m² plot, so the buyer will not have to pay ground rent or face ground-rent increases. The buildings are heated by district heating, and there are plenty of parking spaces in the yard.

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

• Replacement of domestic water pipes in 2010

• Renewal of parking areas and yard electricity systems in 2010

• Installation of lifts in 2008

• Replacement of windows, external doors and apartment doors in 2005

• Balcony renovation 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 people working in the capital region. The city is home to, among others, LAB University of Applied Sciences and LUT University’s Lahti campus. A moderate price level combined with stable rental demand makes Lahti an interesting city for property investors.

Micro-location:
The apartment is located in a peaceful, nature-oriented area between Kärpänen and Okeroinen, approximately 4 km from Lahti city centre. K-Supermarket Okeroinen is only about 550 m away, and the Laune shopping area is less than 2 km 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 day-care centres and schools, and major employers such as Kemppi and Kempower are nearby.

Tenancy agreement:
The apartment is rented to an excellent, responsible tenant with a clean credit record, who has lived in the apartment since 2011. The rent is €596.21/month + water charge of €25/person/month + sauna charge of €10/month. The tenancy deposit is €468 in cash and will transfer to the buyer upon completion. Under the tenancy agreement, the rent may be increased by a maximum of 15%.

Cash flow and price:
The apartment’s maintenance charge is €260.00/month (€5.20/m²) and finance charge €250.00/month (€5.00/m²). After all charges, the rent generates positive cash flow of €86.21/month, or €1,034.52/year. In addition, rental income repays the company loan every month, increasing the investor’s equity. The apartment is subject to a company loan of €28,890.36 (as at 31 October 2026). Thanks to the company loan, the apartment can be acquired at a low purchase price. At the starting price of €14,000, the starting debt-free price is €42,890.36. After the maintenance charge, rental income is €4,034.52/year, giving a rental yield of nearly 10% on the starting debt-free price and a return on equity of up to 28.9% at the starting price ((rent − maintenance charge) × 12 / price).

Why this property?
✅ Positive cash flow even with a company loan → the apartment pays for itself

✅ Rental yield nearly 10% and return on equity nearly 30%!
✅ Excellent long-term tenant
✅ Starting price only €14,000 → low capital requirement
✅ Freehold plot
✅ Building with a lift; domestic water pipes and windows replaced
✅ Neat one-bedroom apartment with laminate flooring and balcony
✅ Local shop approx. 550 m away and bus stop next to the building

Note: The attached manager’s certificate concerns another fully comparable apartment in the same housing company. An up-to-date manager’s certificate for the apartment being sold has been ordered.