65 000 €

1 000 €/m²

Kehra mnt 16

Kose alevik, Kose vald, Harju maakond

An opportunity to acquire two cash-flow-generating apartments in a single transaction – an ideal solution for an investor who values stable rental income. Both apartments have been actively rented out for the past 4 years with no long-term vacancy, and tenant demand has remained consistently strong. It is possible to acquire the investment with one existing tenancy agreement in place. Right now, it is possible to earn a return of 10.5%.

APARTMENTS
The offering consists of two 1-room apartments located in the same building.

One of them is a spacious top-floor studio apartment, distinguished by its high ceilings and pleasant morning sunlight. The usable area, calculated from a ceiling height of 1.6 m, is approximately 25 m², while the total floor area is 35 m².

The second apartment is a classic 1-room layout with a separate kitchen. An added benefit is a wood-burning stove, offering both practicality and an additional heating option. The apartment enjoys afternoon and evening sunlight. The size of this apartment is 30 m².

Both apartments were renovated approximately 4 years ago, during which the windows, electrical systems, and water/sewage plumbing were updated.

BUILDING AND OWNERSHIP
The building consists of a total of 6 apartments, with the units for sale representing 24/100 co-ownership share of the property. No apartment association has been established, and there is currently no renovation plan for the building. The usage arrangement between co-owners has not been formally established.

The property includes a spacious courtyard area, and a storage shed on the plot is also available for use.

HEATING, TECHNICAL SYSTEMS AND COSTS
Both apartments are equipped with an 80-liter boiler and bathroom underfloor heating. The primary heating source is electric radiators, with one apartment additionally featuring a wood-burning stove.

The electrical systems were updated during renovation works. Electricity costs have historically been approximately €50 per apartment during summer months and €100 during winter months.

INVESTMENT POTENTIAL
In addition to the existing rental cash flow, the property also offers future upside potential. There is an opportunity to consider purchasing the attic space from co-owners and pursuing a broader redevelopment of the building.

The area has stable demand for smaller rental apartments, while supply remains relatively limited, creating a solid foundation for both sustainable rental income and long-term capital appreciation.

LOCATION
The building is located in Kose Parish, an area with stable rental demand and convenient access to Tallinn — only about 30 minutes by car. The nearest bus stop with connections to Tallinn is located just 350 meters away. This is a quieter living environment, suitable for tenants who value more affordable living costs while maintaining good connectivity to larger urban centers.

For further information or to arrange a viewing, feel free to get in touch.