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An investment package comprising 8 rented apartment

> Properties · for sale & rent
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91 photos

€ 248,785

£215,679.18
$287,620.34

An investment package comprising 8 rented apartment

Finland – Rovaniemi (7) + Mikkeli (1)

For sale is an investment package of 8 rented apartments sold in one transaction.
Seven apartments are located in the same housing company in Rovaniemi and one apartment in Mikkeli.
Rovaniemi is located in Lapland in Northern Finland and is one of the best-known tourist cities in Northern Europe. Tourism in Rovaniemi has grown significantly in recent years. The city is world-famous as the official home of Santa Claus (Santa Claus Village).

• Over 1.5 million registered overnight stays annually
• Strong international tourism
• Particularly known for winter tourism and Northern Lights tourism

Rovaniemi’s importance has also increased in the security and defence sector.

• Finland joined NATO in 2023
• There are Defence Forces bases in Rovaniemi, and the Lapland Air Command operates here

The package offers stable cash flow from the moment of purchase as well as strong long-term return potential.
Key Figures
With Debt Debt-Free
Sale Price €214,000 €248,785
Total Floor Area 383.5 m² 383.5 m²
Price per Square Metre €558/m² €649/m²
Annual Rental Income €53,760 €53,760
Annual Expenses €30,854 €23,111
Annual Net Income €22,906 €30,649
Net Rental Yield 10.7% 12.3%

Housing
Asunto Oy Karvontie 1, Rovaniemi

Most of the apartments are located in the same housing company, which makes management clear and efficient.
Several maintenance and repair measures have been carried out in the housing company, including:

• Heat recovery system (LTO)
• Ventilation maintenance
• Roof maintenance
• Pipe maintenance
• Electrical system inspections
• Possibility to charge electric cars

Upcoming repairs are mainly routine maintenance.
Summary

The property offers:

• A package of 8 rented apartments
• Stable rental income
• Over 10% net rental yield with the price including debt
• Strong location in a growing tourist city
• Some apartments are fully furnished and include everything needed for a home:

– electronics
– household appliances
– bed linens
– everything visible in the photos

Additional Potential – 2 Apartments Available If Needed
Two apartments currently used by the owner can be added to the package. These apartments are not included in the current rental yield calculation and will become available immediately after the sale.
Extensive surface renovations have been carried out in these apartments, including a glazed and heated balcony and a panelled ceiling. The combined floor area of these apartments is approximately 148 m².

4 rooms + kitchen + walk-in wardrobe + WC + balcony – 84.5 m²
Also sold fully furnished as shown in the pictures. You only need to bring your own clothes.
3 rooms + kitchen + balcony – 63.5 m²

Based on the current rental level, the estimated rental income from these apartments is about €1,700 per month.

Total monthly charge with debt: €1,170.40
Total monthly charge without debt: €760.00

The debt-free sale price for these apartments is €68,000.

Apartment block

Property ID: 78642

For:
Sale
Type:
Condo
Habitable:
Yes
Condition:
Ruin

Floor area:
384 m²
Energy Rating:
F
Built in:
1975
Presently:
Rented
Structure:
Brick, Concrete.
No. of bathrooms:
9
No. of apartments:
more than 10 units
No. of floors:
4 floors
Extras:
Private car park, Communal heating, Basement.

Finland

Lapland

Address:
Karvontie 1
Rovaniemi
Close to:
School, University, Kindergarten, Hospital, Nursing home, Train station, Bus stop, Park, Leisure centre, Touristic area, Ski slope, Forest, River.
Setting:
Village, Beach.

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