10-room apartment, 244.8 m²Luha tn 39-2, Kesklinna linnaosa, Tallinn, Harju maakond

About this property

6 separate rental units in Tallinn city center!

FOR SALE INVESTMENT PROPERTY – 244.8 M² AND 6 SEPARATE RENTAL UNITS IN TALLINN CITY CENTER! LUHA 39 | UUS MAAILM | TALLINN A rare opportunity to acquire a complete investment property in Tallinna city center, in a modern A-energy class building! For sale is a 244.8 m² property located on the first floor of the Luha tn 39 building, which legally forms one apartment ownership, but is functionally divided into six separate units. This is an attractive opportunity for an investor whose goal is to create a real estate portfolio consisting of several rental units with one purchase transaction. The total area of the property is 244.8 m² and it is divided into six units of different sizes, with areas ranging approximately from 25–52 m². Each unit has: - Separate entrance. - Private sanitary room. - Possibility to install a kitchenette. - Independent and functional spatial solution. Some units also have a balcony. Rooms of different sizes allow for the creation of a diverse rental portfolio and offer solutions for different tenant target groups. Luha 39 is a small apartment building with modern architecture, where attention has been paid to energy efficiency, quality, and the surrounding living environment during design. The main features of the building: - A-energy class. - Modern monolithic reinforced concrete structure. - District heating. - Solar panels on the roof of the building. - Modern architecture and large window surfaces. - Ventilation with heat recovery. - Landscaped and fenced courtyard. - Private living environment in Tallinna city center. The modern technical solutions and energy efficiency of the building are important advantages both from the perspective of the long-term value of the property and future tenants. Luha 39 is located in Tallinna city center's Uue Maailma asum, where the historical urban environment, modern architecture, and comfortable suburban lifestyle meet. The biggest advantage of the location is the opportunity to enjoy the city center infrastructure. Nearby are shops, catering establishments, public transport stops, and various daily services. The location creates good prerequisites for various rental strategies and allows addressing multiple target groups. INVESTMENT POTENTIAL The main value of this property lies in the possibility of managing six separate rental units within one property. The property allows for considering various rental strategies, including long-term leasing, short-term accommodation, or a combination thereof, taking into account the official intended use of the premises and applicable requirements. The existence of six units gives the investor flexibility in shaping rental income and allows for diversifying the risk arising from tenant turnover. Managing units located within one property can be a practical alternative to acquiring several separate properties. ONE PROPERTY. SIX RENTAL UNITS. MULTIPLE OPPORTUNITIES TO EARN INCOME. FLEXIBLE PURCHASE OPTIONS The property can be acquired both as a whole and as individual rental units. The property legally forms one 244.8 m² apartment ownership, which is functionally divided into six separate units. When purchasing individual units, the transaction takes place on the basis of acquiring an ideal share of the apartment ownership and a notarial agreement on the right of use. The right of use determines the rooms that remain in the exclusive use of each co-owner. This solution gives the buyer the opportunity to invest according to their budget and goals – to acquire one rental unit, several units, or the entire property as a whole. NB! VAT% will be added to the price. Contact us for more information, to view the layout, and to arrange a visit to the property.