Investment Opportunity in Nara: Well-Maintained 3DK Apartment with Established Rental Income

This is a compelling investment property located in the established residential area of Gakuen Akamatsu-cho, Nara City. The apartment is a 3DK layout with a total wall-core area of 55.89 sqm (approximately 16.9 tsubo), featuring a Japanese-style 6-tatami room and a 4.5-tatami room. The main source of natural light is from the east, and the unit benefits from a private garden. The building is a 5-story reinforced concrete (RC) structure, with this particular unit situated on the 1st floor. It was constructed in July 1987.

Key features translated from the agent's notes include the property being an owner-change opportunity. It is currently tenanted, providing immediate rental income with an estimated annual yield of 8.0%. The monthly management fee is 13,300 yen, and the repair reserve fund is 7,150 yen. Additional monthly costs include a visitor parking burden fee of 342 yen and a private garden usage fee of 200 yen. Parking is available for 7,700 yen per month, though currently unoccupied. The building is managed by Tokyu Community with an on-site daytime manager. Equipment includes a washing machine space and city gas. The building is equipped with an elevator. Important notes clarify that the projected rental income and yield are not guaranteed for the future. The displayed yield is a simple calculation (annual rent including common fees ÷ purchase price) and does not deduct necessary expenses like fixed asset taxes or management fees.