Norra Marmaberget 1

MYSKJE 4:15 – MARMA / SÖDERHAMN

An extensive residential portfolio with strong finances, stable cash flows and long-term potential

Myskje 4:15 represents a rare opportunity to acquire an entire residential area in the calm, nature-close locality of Marma, just south of Söderhamn. The property comprises a total of 36 units, of which 35 residential apartments and one leased office space, together offering 2,768 sqm of leasable area. Of these, 2,415 sqm are residential and 353 sqm office, creating a balanced mix between housing and community-important service operations.

With a normalised net operating income of SEK 1,702,991, the portfolio achieves an attractive direct yield, which is a very strong level for such an extensive and low-risk residential portfolio.

Buildings and standard

The residential area consists of period-typical two-storey buildings from the 1930s with basements and attics. The property has been renovated successively, resulting in well-maintained apartments with kitchens and surfaces in good condition as well as bathrooms of a more modern standard. The construction is traditional with a timber frame and wooden facade, while the roof is clad with clay tiles.

Several apartments retain older details such as tiled stoves, which create charm and character. Experienced management and ongoing maintenance make the property easy to look after with limited future investment needs. The outdoor environment offers large green areas, a playground, parking facilities and plenty of space between the buildings. Only about 10% of the plot is built on, providing a pleasant and airy living environment.

Rental income and finances

Rental income amounts to approximately SEK 3,052,000 per year, with residential units as the dominant income source complemented by a stable office tenant in the form of municipal operations. Garage and parking income further contribute to the cash flow.

The vacancy rate is low – only two apartments were vacant at the time of measurement – and demand in the area is good, providing security for long-term management.

Operating costs are relatively low, especially considering the size and age of the portfolio. The property delivers a strong normalised net operating income of SEK 1.7 million, making the yield level highly competitive.

Söderhamn – a municipality with stable demand and a growing business sector

Söderhamn has approximately 24,500 inhabitants and is characterised by stable population development, where the municipality actively works to attract new residents through housing development, service improvements and business initiatives. Despite its size, the municipality exhibits a broad and dynamic business sector with over 2,800 registered companies.

The business structure is dominated by small and medium-sized actors, creating an entrepreneur-friendly economy and a stable labour market. Around 100 new companies are started in Söderhamn every year, which is high relative to the municipality's size. The municipality also works strategically to strengthen the transport, logistics and industrial sectors, where several establishments in recent years have contributed to increased employment and a stronger local economy.

Combined with the proximity to the E4, good commuting opportunities to Gävle/Bollnäs and an attractive living environment in Marma, this creates stable and lasting demand for housing – making Myskje 4:15 a secure placement for the future.

Summary – Lejons Mäkleri's overall assessment

Myskje 4:15 offers:

A large and stable residential portfolio

Strong and predictable finances

Low vacancy risk

Attractive yield

Low cost level per sqm

A balance between residential and office

Good tenant structure and stable demand

Easy-to-manage buildings with historic charm

This is an excellent acquisition for investors who want to complement their portfolio with a secure and cash-flow-strong residential portfolio in a municipality with positive development potential.

Lejons Mäkleri is available for viewings, financial analyses and advisory throughout the entire process.