A fully leased two-room apartment on Sepänniemenkatu in Lahti with a rental yield of over 9%
For sale: a neat one-bedroom apartment, already leased, with good rental income, in a well-maintained building
Price excluding VAT 47,000 €
Sale Price 42,889.77 €
Cash Flow / Month 374 €
Rental Income 9.55 %
Information about the apartment
| Address | 2 Sepänniemenkatu |
|---|---|
| Apartment | S 62 |
| Type | 2 bedrooms + kitchen + living room |
| Area | 45m2 |
| Rent | 545 € |
| Maintenance fee | 171 € |
| Financial compensation | 45 € |
| Debt ratio | 4 110,23 € |
| Plot | Rent |
| Status |
Free
|
For sale: a neat one-bedroom apartment, already leased, with good rental income, in a well-maintained building
- A well-maintained, fully furnished one-bedroom apartment
- The apartment is located in a peaceful, nature-filled area just a short drive from Lahti's amenities!
- The company was well looked after
- Domestic water pipes replaced, geothermal heating company!
- The apartment has a 9.55% rental yield and a strong cash flow of €329 per month
- Return on equity of up to 23.66% and cash flow of €183.00 per month with 70% financing*
- *Loan calculated based on a 20-year term and a total interest rate of 3.5%. The loan payment, including interest, is €191.00 per month in this calculation. Cash flow is calculated using the formula: rent + maintenance fees – loan payment = €183.00 per month
Basic information about the housing company
- Name of the housing association:Asunto Oy Lahden Sepänniemenkatu 2
- Building type:Townhouse/Loft building
- Year built:1993
- Number of apartments:82
- Floors:1–2
- Elevator:No
- Sauna in the building:Yes
- Building material:Concrete
- Roof type:Gable roof
- Roofing material:Tin roof
- Energy class:C2018
- Energy certificate:Yes (valid until November 21, 2035)
- Property antenna system:Cable TV
- Lot size:17,105.00 m²
- Land ownership:Leased
- Property maintenance:Alltime Property Maintenance Lahti
- Property Management:Oiva Isännöinti Oy / Lahti
- Zoning situation:Local detailed plan (City of Lahti)
- Heating:Geothermal
Renovations carried out in the housing company
- 2008– Renovation of the playground and minor improvements to the yard
- 2009– Regulation of the Heating Network
- 2011– Installation of a locking system and replacement of the doors on the trash shelter
- 2012– Ventilation adjustments and playground renovation
- 2014– Expansion of the building automation system and window maintenance and repairs
- 2015– Replacement of the carpet rack
- 2020– Renovation of the domestic water system, renovation of the facades, maintenance of plumbing fixtures, improvement of the stormwater drainage system, partial repaving of the courtyard, replacement of mailboxes, and replacement and painting of the wooden parts of the storage building
- 2022– Cleaning of ventilation ducts, adjustment of airflow rates, and additional thermal insulation of attics
- 2023– Water Damage Repairs in Apartments P55 and P53
- 2024– Repair of the ground moisture problem in Building M
- 2025– Transition to geothermal heating
Maintenance needs assessment
- Renovation of Bathrooms in Apartments (see the property manager's certificate for more details)
- Replacing Smoke Detectors
- Non-essential measures (cosmetic repairs):Removal of the roof coating and repainting of the roof (The current coating is peeling, but the roofing is still technically functional and has remaining service life. The repair is only necessary if the appearance of the roof needs to be improved).
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 3,2 |
|---|---|
| Average surface area of apartment | 3,5 |
| 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!
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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Aarne Urvas
Sami Suojala
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