Newly renovated one-bedroom apartment in Tonttila, Lahti; already leased with a rental yield of over 9%
Here is a fantastic opportunity for property investors who value quality: a renovated one-bedroom apartment in a building on its own lot, offering strong rental returns
Debt-free price €45,000
Sale price 35,461.47 €
Cash flow / month 344.05 €
Rental income 9.17 %
Information about the apartment
| Address | 7 Ala-Tonttilankatu |
|---|---|
| Apartment | A 24 |
| Type | 2 hours + month |
| Area | 40 sq. m. |
| Rent | 595 € |
| Maintenance fee | 250,95 € |
| Financial compensation | 92,02 € |
| Debt ratio | 9 538,53 € |
| Plot | My own |
| Status |
Free
|
A fully furnished and renovated one-bedroom apartment in Tonttila, Lahti, with a rental yield of over 9%
- A very stylish, renovated apartment, already rented out
- Location of the apartment close to numerous employers and services
- The company has been well looked after
- Domestic water pipes replaced in 2004
- Comprehensive renovation of the facade, windows, and balconies in 2014–2015
- The apartment has a rental yield of 9.17% and a strong cash flow of €344.05 per month
- Return on equity of up to 21.69% and cash flow of €156.05 per month with 70% financing*
- *Loan calculated based on a 20-year term and a total interest rate of 1% + 12 months. The monthly loan payment, including interest, is €188.00 in this calculation. Cash flow is calculated using the formula: rent + maintenance fee – loan payment = €156.05/month
Basic information about the housing company
- Name of the housing association:Asunto-oy Aarnimaja
- Building type:Apartment building
- Year built:1973
- Number of apartments:40
- Floors:8
- Elevator:Yes
- Sauna in the building:Yes
- Building material:Concrete
- Roof type:Flat roof
- Roofing material:Felt roofing
- Energy class:D2018
- Energy Performance Certificate:Yes (valid until July 19, 2034)
- Property antenna system:Cable TV
- Lot size:7,906 m²
- Land ownership:Own
- Property management:Yes (management company)
- Property Management:Lahden Team-Isännöinti Oy
- Zoning situation:Local detailed plan (City of Lahti)
- Heating:District heating
Renovations carried out in the housing company
- 1986– Roof replaced
- 1991– The carport roof was replaced
- 1996– Heat exchanger replaced
- 2000– Joint Sealing
- 2003– Window sills
- 2004– Domestic water pipes replaced
- 2007– Elevator modernized
- 2010– Fire alarm system installed in common areas and refrigeration equipment in the cold storage room replaced
- 2012– Cleaning of the ventilation ducts and inspection and flushing of the drainage pipes
- 2013– Renovation of the sauna area
- 2014–2015– Additional insulation and cladding of building facades, replacement of windows and balconies, new balcony glazing, and a smoke extraction system
- 2016– Measurement and adjustment of airflow in HVAC ducts, and replacement of lighting in stairwells and common areas
- 2017– Underground Sewer Survey
- 2018– Sewer inspection and replacement of the locking system
- 2019– Inspection of all apartment ventilation units and APK connections, replacement of window filters, inspection of smoke detectors, and adjustment of doors
- 2020– Painting of stairwells and bicycle storage area
- 2021– Balancing of the heating system, replacement of radiator valves and thermostats, and installation of a new heat exchanger
- 2023– Chimney sweeping and balcony window maintenance
Maintenance needs assessment
- Facade cleaning
- Replacing apartment doors
- Roof Condition Inspection
- Renovation of waterproofing in bathrooms that are in poor condition or have original waterproofing, in collaboration with the homeowner
- Light sewer flushing
- Replacement of HVAC units and possible installation of a heat recovery ventilation system
- Replacing the smoke detectors in all apartments
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 4,5 |
|---|---|
| Average surface area of apartment | 5 |
| Average condition of the kitchen | 5 |
| Average condition of bathrooms | 4 |
| Description | Condition | Impact on re-renting |
| 1 | Broken and requires immediate replacement or repair. | This will likely affect re-renting. |
| 2 | Clear signs of wear, but still usable. | May affect re-renting. |
| 3 | In habitable condition and meets the tenant's needs. | Unlikely to affect re-rental. |
| 4 | Very neat and in good condition. | Unlikely to affect re-rental. |
| 5 | In new condition. | Does not affect re-renting. |
The condition scores for each living space are averages based on detailed condition scores for the different rooms in the apartment. Check out the detailed condition scores for the apartment in the apartment materials!
Real estate investor's return and loan calculator
Estimated loan amount (monthly)
Cash flow
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Location of the destination on the map
Lahti as an investment city
Lahti – A dynamic investment city in the heart of growing Southern Finland
Lahti, Finland's eighth largest city, is a lively and developing center that offers diverse opportunities for residential investors. With a population of over 120,000, the urban area provides a solid foundation for housing demand, and Lahti's location in the middle of Southern Finland's growth corridor reinforces its position as an attractive investment destination. The city's diverse services, strong industrial heritage, and investments in green technology make it a unique combination of tradition and future prospects.
Why choose Lahti for real estate investment?
Lahti is a city that leaves no one cold. Its excellent transport connections to Helsinki and elsewhere in Finland make it an ideal location for both work and leisure. The city's continuous development is reflected in the emergence of new residential areas, businesses, and services, which creates a stable foundation for housing demand and rental income. Lahti is also known for its active cultural and sporting life, which attracts residents and increases the city's appeal. Lahti's affordable housing offers a wide range of options, from new developments to renovated apartments, so every investor is sure to find a property that suits their budget and goals. Lahti is a city that pulsates with life and offers real estate investors the opportunity to be part of its success story.
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