Commercial apartment building in Lieksa, Finland, 1 014 m²

Investment Property: Apartment Building in Lieksa, Eastern Finland

Basic Information

• Type: Multi-family residential building

• Total units: 16 apartments

• Currently rented: 11 out of 16 units

• Living space: 1,014 m²

• Additional space: 336 m² (storage rooms, sauna, modern geothermal heating room)

• Land plot: 5,000 m² (owned)

• Heating: Geothermal (installed in 2013)

• Condition: Good; cosmetic renovations completed worth €50,000

• Tenants: Finnish residents, long-term rentals

Current yield (based on 11 rented units): ~17.9% annually
Potential yield with full occupancy: up to 25% annually

Financial Summary (Current Scenario)

• Asking Price: €179,000 (plus transaction costs)

• Return on Investment (ROI): ~14-16%

• Payback Period: ~6 years

Strengths

• Long-term tenants (Finnish residents)

• Geothermal heating = low energy costs

• Private land plot (5,000 m²) – potential for expansion or other uses

• Stable rental income since 2018

• Cosmetic renovations already done (€50,000 invested)

• Low purchase price: ~€179/m² (living space)