The entire apartment building portfolio in Keuruu! Debt-free price: €179,000, rental yield: 22.17%, and phenomenal cash flow!
The entire stock of 20 apartments in a housing complex in Otonkaari, Keuruu, is for sale. An incredible investment opportunity with a high occupancy rate and strong rental income!
Price excluding taxes 179,000 €
Selling Price 149,020 €
Cash Flow / Month 3,306.95 €
Rental income 22.17 %
Apartment details
| Address | Turn 12 |
|---|---|
| Apartment | 19 residential units + 4 storage/commercial spaces |
| Type | 1 bedroom + kitchen, 2 bedrooms + kitchen, and 3 bedrooms + kitchen |
| Area | 1,222.0 m² |
| Rent | 8 860 € |
| Maintenance fee | 5 553,05 € |
| Financial compensation | 489,14 € |
| Debt ratio | 29 980 € |
| Plot | Rent |
| Status |
Free
|
A rare opportunity to purchase the entire stock of shares in an apartment building (Asunto Oy Keuruun Otonpelto 12) in Keuruu!
The property offers investors an exceptionally high rental yield of 22.17% and a net cash flow of over €3,300 per month at a debt-free price. Return on equity exceeds 64%.
- The entire shareholding of the housing cooperative; full decision-making authority regarding the development of the property
- 20 units: 19 residential units (1-bedroom + kitchen, 2-bedroom + kitchen, 3-bedroom + kitchen) and 4 small storage units located on the ground floor
- Extremely strong overall return: rental yield of 22.17% and total monthly rental cash flow of €8,860.00
- An affordable , debt-free price per square meter based on the balance sheet: only €146.48/m²
- A company with a leased lot connected to district heating (lease agreement valid through 2043)
- Roof replaced in 2017, heat exchanger in 2006, Bauer water treatment system and Smart Vatten leak detector in 2023
-
OPO return of over 64%
Based on a debt-free purchase price , the annual cash flow after maintenance fees is €39,683.40 per year (€3,306.95 per month).
General information
- Name of the housing cooperative: Asunto Oy Keuruun Otonpelto 12
- Building type: Apartment building
- Year built: 1981
- Number of units: 20 (16 apartments, 4 other units)
- Stories: 3
- Elevator: No
- Sauna in the apartment building: Yes
- Building material: Concrete
- Roofing material: Felt roofing
- Roof type: Flat roof
- Heating system: District heating
- Ventilation system: Mechanical exhaust
- Land ownership: Leased lot (City of Keuruu, expires in 2043, area 4,980 m²)
- Property Management: Keuruun Isännöintipalvelu Oy
- Business ID: 2943051-4
Renovations completed
- 1995: Balcony Railings
- 1999: Major renovation of the balconies
- 2006: Replacement of the heat exchanger
- 2011: Cleaning and adjustment of ventilation ducts
- 2017: Roof replaced
- 2022: Sheet metal cladding on balcony ledges and paint removal from roofs
- 2023: Converting Apartment A1 into a storage space
- 2023: Maintenance painting of the wooden parts of the balconies
- 2023: Bauer Water Treatment System for Domestic Water & Smart Vatten Leak Detector
- 2023: Pruning garden shrubs, new plantings, and a barbecue area
- 2024: Roof Condition Inspection
Photos of the apartments in the property for sale
You can find more photos of the properties in the housing association materials
Photos of the facade of the building
Floor plans of apartments
Apartment condition points
| Average condition score for the apartment | 3 |
|---|---|
| Average surface area of apartment | 3 |
| Average condition of the kitchen | 3 |
| Average condition of bathrooms | 3 |
| 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!
Location of the destination on the map
Real estate investor's return and loan calculator
Estimated loan amount (monthly)
Cash flow
Return on equity (ROE)
Required equity capital
Keuruu as an Investment City
Keuruu is a town of about 9,000 residents in the western part of Central Finland, on the shores of Lake Keurusselkä. For investors, Keuruu is, above all, a cash-flow town. Housing prices are among the lowest in the country, which pushes rental yield percentages to levels not found in growth centers. The range of services is comprehensive for a town of this size, and Jyväskylä is about 60 kilometers away via Highway 23, while Tampere is just over 100 kilometers away.
In Keuruu, rental demand is concentrated in the city center and near services. The population is aging, so there is sufficient demand for well-maintained and practical downtown apartments, and leases are often long-term. This keeps costs associated with tenant turnover and months of vacancy to a minimum. The city is also home to a diverse range of small and medium-sized businesses, and there are plenty of vacation homes along the shores of Lake Keurusselkä, which leads to an uptick in service activity during the summer season.
I would like to discuss this apartment
"*" indicates mandatory fields
Aarne Urvas
Sami Suojala
Other apartments for sale
5 two-bedroom apartments
·
1 Tervapadankatu,
Hämeenlinna
Sold
Price excluding taxes €106,000 – €116,000
Selling price €26,834.27 – €116,000
Five pre-leased townhouse apartments for sale in a building completed in 2016, offering a rental yield of over 7%
Cash flow €137.70 – €704.39
Rental income 7.16–7.29%
1 hour, 2 hours, and 3 hours
·
Mällinmutka 2, Kotka,
Eagle
Free
Price excluding taxes €17,000 – €27,500
12 apartments for sale in Kotka with an exceptionally high rental yield of 14–19%
Cash flow €223.73 – €434.35
Rental income 14.40–19.35%
2 bedrooms + kitchen + bathroom
·
5 Ala-Tonttilankatu,
Lahti
Free
Debt-free price €49,900
Selling price €33,968
Pre-leased two-room apartment with sauna in Lahti for sale, with a high rental yield of 9.68%
Cash flow €210
Rental income 9.68%
Would you like to be notified when a new investment property becomes available?
We publish new investment apartments for sale every week. If you would like to receive immediate notification of new investment apartments for sale by email, please subscribe to our apartment alert service by filling out the form below.
Apartments sell within a few days on average, so it is advisable to order an investment apartment alert and act quickly.
"*" indicates mandatory fields