Unique Opportunity to Purchase a High-Quality Investment and Development Package in the Most Attractive and Rapidly Developing Area of Tallinn!

Just a few minutes’ walk from the Baltic Station Market and the Telliskivi Creative City. Everything you need is conveniently nearby, yet this property is a hidden gem. Large trees grow along the edge of the plot, creating the impression of living away from the rapidly developing district. Apple trees on the property add charm to the place. Naturally growing and planted plants have attracted birds, butterflies, bees, etc., which help control pests. The unrenovated house receives sunlight in the morning, midday, and evening – lighting up both the inner courtyard and the street-facing apartments.

The property consists of four apartment buildings (three of which have been previously renovated). Three of these buildings are part of the sales package. All four buildings were originally constructed by a single owner.

What is being sold:

One apartment building requiring renovation in a quiet courtyard and two street-facing renovated buildings (Malmi 3/1 and 3/2) – with renovated apartment units of various sizes.

The total useful area of the property is approximately 923.9 m².

1. Renovation-Required Apartment Building:

• Wooden building, built around 1946.

• 4 floors, 12 apartments (some first-floor apartments are partially in the basement, and third-floor apartments extend into the attic).

• Total area of approximately 630 m².

• Renovation project and valid building permit available – ready for immediate construction start.

• Electrical, water, sewage, and gas connections ready.

This property is suitable for a development project either for sale, rental portfolio, or as a private house.

2. Renovated Street-Facing Apartments (Malmi 3/1 and 3/2):

• Approximately 295.9 m² of usable space in total in both buildings.

• In excellent condition with newly renovated apartment units – ideal for renting (no additional investment needed). It is also perfect for a large family, with options for parents and children to live separately in different apartments.

• Multi-level layouts, different sizes, kitchens, saunas, bathrooms, balconies. Can be used either together or separately. Separate entrances.

• Originally completed in 1911, fully renovated in 2014.

• Original details preserved as much as possible.

• Basement and attic floors built out.

• Natural materials used in construction.

• Restored limestone walls in the basement, with underfloor heating.

• Renovated staircases, tiled floors, painted surfaces.

• Apartments feature new windows and solid wood doors with an original design.

• White pine and oak floors, oiled.

• Bathrooms with high-quality finishes.

• All utilities have been updated (water, electricity, sewage, heating, etc.).

• The apartments are equipped with mechanical ventilation (Komfovent) to ensure high indoor air quality.

• Parking spaces available according to the existing project.

INVESTMENT POTENTIAL:

• The renovation-required apartment building offers the opportunity for new apartment sales or long-term rental portfolio development.

• The renovated apartments can immediately generate cash flow from rentals.

• The property and building structure allow for a flexible strategy according to the buyer’s goals.

ADDITIONAL INFORMATION ONLY FOR SERIOUS INTERESTED PARTIES!

Detailed information (project solutions/possibilities, profitability, pictures, etc.) will be provided only to seriously interested buyers. If necessary, we may ask for proof of financial capability before sharing additional information and documentation.