A fully leased two-room apartment with a rental yield of over 14% in a well-maintained housing complex in Lappeenranta

For sale: a two-room apartment that is already rented out, offering a staggering 14.14% rental yield and up to 39% return on equity

Price excluding tax 31,000 €

Cash Flow / Month 365.23 €

Rental Income 14.14 %

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Information about the apartment

Address 3 Saarenkatu
Apartment As 23
Type 2h + k
Area 56.5 m²
Rent 591,23 €
Maintenance fee 226 €
Status
Reserved
Check out the housing association's materials

A fully rented one-bedroom apartment in Lappeenranta with a 14.14% return

  • A two-room apartment already rented out to a long-term tenant
  • A geothermal heating project is nearing completion in a housing cooperative on its own lot
  • The company was well looked after
  • Renovation of Water Lines, Sewers, and Bathrooms, 2009
  • Roof replaced in 2018
  • The apartment has a 14.14% rental yield and a strong cash flow of €365.23 per month
  • Return on equity of up to 39% and cash flow of €239.23 per month with 70% financing*
  • *Loan calculated based on a 20-year term and a total interest rate of 3.5%. The monthly loan payment, including interest, is €126.00 in this calculation. Cash flow is calculated using the formula: rent + maintenance fee + loan payment = €239.23/month

Basic information about the housing company

  • Name of the housing association:Asunto Oy Lappeenrannan Saarenkatu 3-5
  • Building type:Apartment building
  • Year built:1972
  • Number of apartments:70
  • Floors:8
  • Elevator:Yes
  • Sauna in the building:Yes
  • Building material:Concrete
  • Roof type:Flat roof
  • Roofing material:Felt roofing
  • Energy Class:E2013
  • Energy Certificate:Yes (valid through March 31, 2027)
  • Property antenna system:Cable TV
  • Lot size:3,746 m²
  • Land ownership:Own
  • Property Management:Kiinteistöhuolto Lyijynen Oy
  • Hosting:Oiva Isännöinti Noste Oy
  • Zoning Status:Local Master Plan (City of Lappeenranta)
  • Heating:District heating

Renovations carried out in the housing company

  • 2002–2003– Balcony Renovation
  • 2004– Ventilation units replaced
  • 2009– Renovation of water lines, sewer lines, and bathrooms; renovation of the heat distribution center; and replacement of the antenna system
  • 2017– The roof of Building 5 was replaced
  • 2018– The roof of Building 3 was replaced, and the surfaces in the sauna areas were renovated
  • 2021– Elevators replaced
  • 2025– Replacement of smoke detectors and replacement of the expansion joints in Building 3

Maintenance needs assessment

  • Converting the heating system to geothermal heating:The company is currently undertaking a project to change its heating system, in which district heating will be replaced by a geothermal heating system (implemented using the so-called “Geothermal Heating as a Service” model).
  • Window Replacement
  • Replacement of the prefabricated joints on Building 5
  • Renewing the Lock
  • Improving Area Lighting
  • Painting/Repairing Baseboards
  • Renovation of the Carport and Trash Shelter
  • 2027– Renewal of Energy Performance Certificates
You can find more detailed information and materials about the housing company here.
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Pictures of the apartment

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Floor plan of the apartment

56.5 m²

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
DescriptionConditionImpact on re-renting
1Broken and requires immediate replacement or repair.This will likely affect re-renting.
2Clear signs of wear, but still usable.May affect re-renting.
3In habitable condition and meets the tenant's needs.Unlikely to affect re-rental.
4Very neat and in good condition.Unlikely to affect re-rental.
5In 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!

Check out the housing association's materials
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Real estate investor's return and loan calculator

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Please note that this calculator is an indicative tool. It is intended to support your assessment and should not be considered investment advice or a binding financial calculation. Actual costs and returns may vary.

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Lappeenranta as an investment city

Lappeenranta – A vibrant investment city on the shores of Lake Saimaa

Lappeenranta, the regional center of South Karelia and Finland’s largest city on the shores of Lake Saimaa, uniquely combines the tranquility of water and forests with vibrant urban life. With a population of just over 70,000, the city serves as the regional hub for commerce, services, and education, keeping demand for housing steady throughout the year. LUT University and LAB University of Applied Sciences bring thousands of students to the city, and expertise in technology and clean energy has raised Lappeenranta’s international profile. A strong heritage in the forest industry, combined with new green transition projects, creates a unique blend where tradition and the future go hand in hand.

Why Choose Lappeenranta for a Real Estate Investment?

Lappeenranta is a city that leaves a lasting impression. The summer evenings descending on the harbor, the stone-paved alleys of the Fortress, and the vast expanse of Lake Saimaa give the city a character that few other places can match. The practical side is equally compelling: Highway 6 and a direct train connection to the Helsinki metropolitan area make Lappeenranta highly accessible, and its own airport brings traffic to the city from beyond its borders as well. The city’s character as a student town is particularly evident in the demand for small apartments, making studios and one-bedroom units a worthwhile option for investors seeking rental income. The city’s development is evident in the emergence of new residential areas, businesses, and events, and its active cultural and sports scene enhances its appeal to residents. Lappeenranta’s moderate price level offers a wide range of options, from new developments to renovated apartments, so every investor can find a property that fits their budget and goals. Lappeenranta is a city that thrives on water and expertise, and it offers real estate investors the opportunity to be part of its story.

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