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165 000 €
165 000 €
| Sale price | 165 000 € |
| Price per square meter | 122.22 € |
| Floor area | 1 350 m² |
| Number of storeys | 1 |
| Floor | 1 |
| Parking | 16 places |
| Address | Finland, Lieksa |
| Location | in suburbs, in suburbs |
| Business expenses | |
|---|---|
| Not included in the price | |
| Not included in the price |
Apartment building with 16 apartments, living area 1014 m2 + utility rooms 336 m2 (storage rooms, sauna, modern boiler room / geothermal heating). Own plot of 5000 m2. Located in Eastern Finland, the city of Lieksa. Currently, 8 out of 16 apartments have been rented out for long-term rent, the residents are Finns.
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 each
The house is heated geothermally (since 2013), the apartments have undergone cosmetic renovations with a total cost of more than 50,000 euros. The condition of the property is good, all apartments have built-in kitchens with appliances.
Economy: for 2018-2019, rental revenue is 52,000 - 59,000 euros, operating costs are 20,000 euros, profit is 32,000 - 39,000 euros per year.
2020: rental income 5,000 euros per month. operating costs 21,000 euros, profit 39,000 euros per year.
2021: rental income 51,500 euros per year. maintenance costs for the complex amounted to 18,500 euros per year, profit 33,000 euros.
2022: rental income averaged 4,800 euros per month (58,000 per year), 12 out of 16 apartments were rented out, maintenance costs for the complex amounted to 21,800 euros, profit 36,200 euros.
2023: rental income averaged 4,500 euros per month (54,000 per year), 10 out of 16 apartments were rented out, maintenance costs for the complex amounted to 23,500 euros, profit 30,500 euros.
2024: rental income averaged about 4,500 euros per month, maintenance costs for the complex amounted to 24,000 euros per year, profit 30,000 euros.
2025-2026: 8 APARTMENTS OUT OF 16 RENTED, rental income from rented apartments is about 3,800 euros per month, maintenance costs for the complex are 23,000 euros per year, profit is about 22,000 euros per year
With 100% load, profitability can be increased to 30% per annum.
EUR 165,000 + transaction costs. The property is suitable for a family who wants to move to Finland and obtain a residence permit (vacant apartments can be rented out daily or weekly, thus organizing a tourism business).
