High-cash-flow apartment rented in Hämeenlinna, 91 m², 4 rooms, Nummi, Hämeenlinna

Well-maintained apartment with high cash flow in the highly regarded Hämeenlinna area!

This 91 m² family apartment (3rd floor of 6) has an excellent layout; the rooms are spacious and bright, and the through-apartment’s living room has access to a balcony. The apartment’s surfaces are in good condition, and the tenant has enjoyed living there since 2010. The property is rented for €927.66/month + water charge, so the rental income exceeds €6,000 per year

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As Oy Hämeenlinnan Nummi is a housing company that underwent extensive renovation in 1998. The works included the façade, windows and balconies, balcony doors and stairwells. Other major renovations include renewal of the roof in 1995, modernisation of the lifts in 2007, a complete refurbishment of the ventilation system in 2016 and replacement of the main water pipes in 2026. This concrete building uses district heating. The housing company has good communal facilities, including a sauna, gym, club room and extensive storage facilities. The maintenance charge is reasonable.

The property is located in the Nummi area of Hämeenlinna, which offers comprehensive basic services, good transport links and the modern Assi central hospital, a significant employer. The area is 3 km from Hämeenlinna city centre.

An excellent opportunity for a property investor or for own use! The property is being sold clearly below market value. There are only 27 apartment blocks with flats for sale in Hämeenlinna; the cheapest has an unencumbered price of €58,000, while all the flats in the auction property’s area are priced above €100,000.

At the starting price, the property’s rental yield is approximately 17%, and with 70% debt leverage, the return on equity is nearly 50%.

Further information and sales:

Jyri Ekman, MSc (Tech)

0405145891 // WhatsApp

jyri.ekman@gmail.com