Three two-bedroom apartments in Hollola, located in a well-maintained, debt-free housing complex; rental yields of 8.81–12.03%
Three two-bedroom apartments for sale in a building renovated in 1994–1995; debt-free price: €32,000 per apartment! The apartments can be purchased individually or as a bundle.
Price excluding debt (per apartment) 32,000 €
Cash Flow / Month 235.00 – 320.67 €
Rental Income 8.81 – 12.03 %
Information about apartments
| Address | Setäläntie 1-5 |
|---|---|
| Apartment | 1 A 3, 5 A 2 & 5 A 3 |
| Type | 2h + k |
| Area | 48.5–58m2 |
| Rent | 520.00 – 586.07 € |
| Maintenance fee | 242.50 – 290.00 € |
| Status |
Free
|
Three two-bedroom apartments in a debt-free company, with a return on equity of up to 31.96%
- Three two-room apartments: Setäläntie 1 A 3 (58 m²), Setäläntie 5 A 2 (48.5 m²), and Setäläntie 5 A 3 (57 m²)
- Setäläntie 1 A 3 and Setäläntie 5 A 2 have already been leased; the leases began in 2022–2023
- The current lease for Setäläntie 5 A 3 expires on November 30, 2026, and the apartment is available for rent at the same rent of €520.00
- Rental yield: 8.81–12.03% and cash flow: €235.00–320.67 per month
- Debt-free price: €32,000.00 per unit; the company has no loans (2025 financial statements)
- Renovated in 1994 (Setäläntie 5) and 1995 (Setäläntie 1); heating plant replaced in 2021
- The opportunity to purchase all three apartments as a single package
- Return on equity of up to 31.96% and cash flow of €105.00–190.67 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 €130.00 in this calculation. Cash flow is calculated using the formula: rent + maintenance fees – loan payment = €105.00–190.67 per month.
Basic information about the housing company
- Name of the housing association: Asunto Oy Hollolan Salvanpuisto
- Building type: Residential apartment building
- Year of construction: Setäläntie 1: 1969; Setäläntie 5: 1970
- Number of apartments: 48
- Stories: 4
- Elevator: No
- Sauna in the apartment building: Yes
- Building material: Concrete / Brick
- Roof type: Gable roof
- Roofing material: Sheet metal
- Energy Class: D2007
- Energy Certificate: Setäläntie 1: Yes (energy consumption data from 2012) Setäläntie 5: Contact the property manager for additional information
- Building Antenna System: Cable TV
- Lot size: Setäläntie 1: 6,000 m²; Setäläntie 5: 4,850 m²
- Land Ownership: Lease (Municipality of Hollola; Setäläntie 1 valid through January 1, 2040; Setäläntie 5 valid through January 1, 2039)
- Property Management: Alltime Property Management Lahti
- Property Management: Oiva Isännöinti Oy
- Zoning Status: Local Master Plan
- Heating: District heating
Renovations completed
Setäläntie 1
- 1995: Maintenance of the HVAC system
- 1995: Balancing the Heating System
- 1995: Renovation
- 2011: Windows and Balcony Doors
- 2021: Heating plant renovated
- 2026: Inspection of the property's safety signs and installation of any missing ones
5 Setäläntie
- 1994: Maintenance of the HVAC system
- 1994: Balancing the Heating System
- 1994: Renovation
- 2009: Windows and balcony doors replaced; balcony glazing installed
- 2020: Sauna area renovated
- 2021: Heating plant renovated
- 2026: Inspection of the property's safety signs and installation of any missing ones
Upcoming renovations
- Cleaning and Adjustment of HVAC Ducts
- Setäläntie 5: Roof cleaning and maintenance painting
- Replacing Radiator Valves and Balancing the Heating System
- Condition Survey of the Domestic Water Supply System
- Touch-up painting / re-paneling of garage doors
- Lock Reform
- Setäläntie 1: Roof Replacement
- Setäläntie 1: Replacement of balcony surfaces
- Planning and Implementation of Wet Area Renovations
You can find more detailed information and materials about the housing company here.
Pictures of the apartments
Floor plans of apartments
Apartment condition points
| Average condition score for the apartment | 4 |
|---|---|
| Average surface area of apartment | 4 |
| Average condition of the kitchen | 3-4 |
| Average condition of bathrooms | 3-4 |
| 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!
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
Hollola as an investment destination
Hollola – a growing municipality next to Lahti
Hollola, a municipality with approximately 24,000 inhabitants in Päijät-Häme, offers residential investors a combination of peaceful living, growing development potential, and good transport connections. Its location just west of Lahti enables a smooth everyday life, but Hollola is also a vibrant and developing municipality in its own right, where investors can find good opportunities, especially for long-term cash flow investments.
Why invest in Hollola?
Reasonable price level – steady cash flow:The housing market in Hollola is clearly more affordable than in Lahti, but rental demand has remained stable, especially in the municipal center, Salpakangas, and Messilä areas. Moderate prices and good rentability enable reasonable returns without an overheated market.
Good accessibility to Lahti and surrounding areas:Hollola is part of the Lahti region, and many residents work in Lahti or other nearby municipalities. Fast transport connections, especially via the VT12 highway, and efficient local transport solutions also support rental housing – especially for those who want more affordable housing with good transport connections.
A family-friendly and attractive living environment:Hollola is known for its peaceful residential areas, good schools, and beautiful nature—for example, the Tiirismaa and Messilä outdoor recreation areas are popular throughout the Päijät-Häme region. This is particularly attractive to families and the older population, who typically have long-term tenancies.
Diverse demand and development trends:The municipality is growing steadily, and construction is particularly active in the vicinity of the municipal center. New detached and terraced houses are being built, and there is demand in the area for studio apartments, one-bedroom apartments, and family apartments. There is also a shortage of rental apartments in some areas.
Opportunity for short-term rentals in the Messilä area:The proximity of the Messilä ski resort and Vierumäki attracts tourists and event visitors. Especially during peak seasons, furnished apartments can be considered for short-term rentals, which can generate additional income alongside traditional rentals.
A safe and stable market for long-term investment:The housing market in Hollola is calmer than in growth centers, offering investors predictability and risk management—especially for those looking for long-term tenants and stable cash flow.
Hollola is a balanced choice for real estate investors: it does not offer rapid increases in value, but its location, affordability, and stability make it an attractive destination for long-term investors who value cash flow and predictability in the housing market.
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