A spacious, five-bedroom apartment in Mukkula, Lahti, already leased, offering a rental yield of as much as 12.97%
For sale: a debt-free, fully leased, spacious 99 m² five-room home offering a solid rental yield of over 12% and a return on equity of up to 36%
Debt-free price €49,000
Cash flow / month 529.50 €
Rental income 12.97 %
Information about the apartment
| Address | 34 Mukkulankatu |
|---|---|
| Apartment | B 13 |
| Type | 5 bedrooms + kitchen + living room |
| Area | 99 sq.m. |
| Rent | 975 € |
| Maintenance fee | 445,50 € |
| Status |
Free
|
A spacious, fully furnished five-bedroom apartment in Mukkula, Lahti, with a 12.97% return
- An exceptionally spacious, fully furnished 99 m² home (5 bedrooms + kitchen + living room), a five-bedroom rental property at an exceptionally affordable price
- An excellent rental yield of 12.97% and a strong cash flow of €529.50 per month
- No mortgage; debt-free purchase price with no financing fee
- The low debt-free price (€49,000) keeps the equity requirement low and leverage effective
- A well-maintained and thoroughly managed housing complex built in 1968, featuring an elevator and a communal sauna
- Extensive renovation history: elevators replaced in 2016; roof renovation and ventilation system replacement in 2024; living room windows and balcony doors replaced in 2016
- Located near services and jobs in Mukkula
- Return on equity of up to 35.06% and cash flow of €330.50 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 company:Asunto Oy Lahden Mukkulankatu 34
- Building type:Apartment building
- Year of construction:1968
- Number of apartments:42
- Floors:7
- Elevator:Yes
- Sauna in the building:Yes
- Building material:Brick-faced concrete element
- Roof type:Flat roof
- Roofing material:Felt roofing
- Energy class:D2018
- Energy Performance Certificate:Yes (valid until November 11, 2035)
- Property antenna system:Cable TV
- Lot size:6,141.00 m²
- Land ownership:Leased
- Property Management:Kotikatu Oy
- Hosting:Oiva Isännöinti Noste Oy
- Zoning situation:Local detailed plan (City of Lahti)
- Heating:District heating
Renovations carried out in the housing company
- 1996 – Extensive renovation (structural, electrical, and HVAC):
- The roof's felt roofing has been replaced, and the facades and balconies have been renovated.
- Kitchens, bathrooms, and sauna areas have been renovated (including fixtures and partial rewiring).
- The domestic water piping, heat exchangers, shut-off and control valves in the heating system, and the HVAC system in the sauna facilities have been replaced.
- The laundry department's equipment has been replaced.
- The switch and outlet fixtures, light fixtures, and apartment group distribution panels in the stairwells and apartments have been replaced.
- Building automation and apartment-specific water metering systems have been installed.
- 2005– Cleaning and adjustment of ventilation ducts
- 2010– Repair of roof drains
- 2011– Coating of sewage and stormwater drains and replacement of the heat recovery units in the sauna area
- 2012– Repainting of carports and the waste shelter, and replacement of the yard fence
- 2013– Design of the basic heating control system, energy-saving and maintenance measures for building automation, and replacement of operable windows (MSE)
- 2014– Expansion of building automation (weather conditions)
- 2016– Replacement of living room windows and balcony doors, as well as replacement of elevators in both buildings
- 2021– Repairs to the brick facade (replacement of bricks and joints), sealing of the exterior envelope, spot repairs to the ground floor concrete walls, and maintenance painting of wood and stone surfaces
- 2022– Condition assessment and survey of wet areas in all apartments
- 2023– Roof Condition Assessment
- 2024– Roof renovation (design and implementation), replacement of exhaust air handling units, cleaning of ventilation ducts, and adjustment of airflow rates
- 2025– Fire alarms in each apartment
Maintenance needs assessment
- Balcony Renovation Work (Based on the inspection report and the list of required measures)
- Replacement of worn wooden parts and touch-up painting of the carport and trash shelter
- Repainting of the walls and floors at the Sports Equipment Storage Facility (UVV)
- Replacement of the ceramic tiles on the walls of the building's laundry rooms
- Modernization of the existing Atmostech system automation
- Condition Survey of Water and Sewer Lines (Piping)
- Repainting of stairwells
- Replacement of the boundary fence
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| 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
Return on equity (ROE)
Required equity capital
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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