Commercial apartment building in Lieksa, Finland, 1 000 m²

Apartment house 16 apartments, living area 1014 m2 + utility rooms 336 m2 (storerooms, sauna, modern boiler room). Own plot of 5000 m2. Located in Eastern Finland, the city of Lieksa. At the moment, 12 out of 16 apartments are rented out for long-term rent, the residents are Finns.

The list of apartments: 3 one-room apartments of 34 m2, 4 two-room apartments of 57 m2, 6 three-room apartments of 68 m2, 3 four-room apartments of 92 m2. The house is geothermally heated (since 2013), cosmetic repairs have been carried out in the apartments with a total cost of more than 50,000 euros. The condition of the object and the area are good.

Economy: for 2018-2019 rental revenue - 52 000 - 59 000 euros, operating costs 14,000 euros, profit 38 000 - 45 000 euro per year.

In 2020, the rental income is 5400 euros per month. Maintenance of the house for 9 months 15100 euros (1680 per month), including tax for the year 1570 euros, insurance for the building and maintenance of geothermal heating.

For 2021, the rental income is 51,500 euros,. the maintenance costs of the complex amounted to 18,500 euros per year.

In 2022, the average rental income is 4800 euros per month, now 12 apartments out of 16 have been commissioned, the rest are being negotiated with potential tenants..

With a 100% load, the yield can be increased to 22% per annum. Contact us for more information and photos of the facility. Showing at any time.

You can arrange remote viewing: an unlimited number of photos and videos, a quadcopter, etc. The transaction can also be carried out remotely - you can entrust the signing of the contract to a Finnish lawyer, whom you can choose yourself, or use the services of our Finnish colleagues.

250,000 euros + transaction costs. We will help you get a residence permit in Europe.