Debt-free high-cash-flow investment flat in Siilinjärvi, 3 rooms, 79 m², 1972, Siilinjärvi

An excellent investment flat from Siilinjärvi, next to Kuopio, offered for auction!

This property is an ideal package for a property investor in terms of the flat, housing company and location;

Flat:

-Good dual-aspect layout with glazed balcony

-Surfaces in basic condition, well suited to letting

-Few three-room flats available in the area -> easy to let

Housing company:

-Major renovations completed in 1997–2001 (see maintenance needs report)

-Security and cost benefits of a large number of flats (101)

-No significant repairs planned in the housing company’s long-term plan

-Debt-free housing company with well-functioning administration

Area:

-The area offers basic services, good transport links, sports facilities and a school

-Siilinjärvi is a municipality with net inward migration, a 20-minute drive from Kuopio

-The property is just 2 km from Siilinjärvi town centre

-The area is excellently suited to families and company lets

The flat is sold let at €595/month + usage charges. Similar flats in the same building have been let at approximately €680–700/month, so there is clear potential to increase the rent. The estate agent’s valuation is €600/m², or €47,400; the document is available on request. At the current rent, the property offers rental income of €2,589.60/year, and over €3,500/year at a realistic market rent.

There are currently only eight three-room flats in blocks of flats for sale in Siilinjärvi, so there is clear scarcity of comparable properties on the market.

Further information and sales:

Jyri Ekman, MSc (Tech)

0405145891 // WhatsApp

jyri.ekman@gmail.com