Fully let, debt-free two-bedroom flat in Mikkeli! – Rental yield 12.5%, Mikkeli

Fully let, debt-free investment two-bedroom flat in Mikkeli – cash flow €321.07/month!
Looking for an effortless investment that generates positive cash flow from day one? Now being auctioned is a well-maintained, fully let 49.0 m² two-bedroom flat in a peaceful terraced apartment block on Tuntemattomantie, Mikkeli. The company has no loans and no major renovations are known to be required; the board’s maintenance needs report for 2029 includes only normal maintenance and sealing work.

Key figures for investors

• Rent: €537.50/month + water

• Maintenance charge: €227.85/month (€4.65/m²)

• Rental yield: approx. 12.5%

• Cash flow (rent – maintenance charge): €321.07/month (€3,852.84/year)

• Share of housing-company loan: €0.00 (the company is entirely debt-free)

• Tenancy agreement: Open-ended (started 16 August 2023)

• Rental deposit: €450.00

  
  

Property features and layout

This 49 m² two-bedroom flat on the ground floor offers a practical and spacious layout that attracts long-term tenants:

• Private entrance and terrace: A sheltered, tiled front garden/terrace provides the comfort of terraced-house living and makes the flat particularly appealing.

• Bright living area: The spacious living room accommodates a sofa group, dining table and separate workstation.

• Functional kitchenette: Equipped with an electric cooker, extractor hood, dishwasher and fridge-freezer.

• Separate bedroom: Spacious bedroom with room for a double bed and ample storage.

• Bathroom: Washing-machine connection and shower.

• Modern connections: District heating (water-circulated radiator heating), property broadband (Telia 10 Mbps) and cable TV.

Mikkeli as an investment market and the property’s location

Mikkeli is the regional centre of South Savo and a stable student and service city, offering property investors excellent value for money. Moderate purchase prices combined with steady rental demand enable a high rental yield and strong cash flow compared with larger growth centres. The city’s educational institutions (such as Xamk), central hospital and comprehensive services keep demand for small and medium-sized rental homes stable throughout the year.

Tuntemattomantie 2 is situated in a peaceful, green residential area with convenient connections to Mikkeli city centre, educational institutions and employment hubs. The ground-floor flat in a terraced apartment block, with its own entrance and outdoor area, offers peaceful living without the bustle of a block of flats, reflected in tenant satisfaction and low turnover.

Summary of the company’s and property’s basic details

Interested? Get in touch!
juuso@renahomes.fi

*Some images in the listing have been digitally staged and tidied to illustrate the property’s spaces and furnishing possibilities. The information is based on the property manager’s certificate dated 21 August 2026 and the valid tenancy agreement.