Chisan Mansion Miyazaki: A Compact Investment Apartment
This property is a one-room apartment for sale located on the 3rd floor of an 8-story (with 1 basement floor) reinforced concrete building in Miyazaki City, Miyazaki Prefecture. The apartment has a private, wall-core area of 24.84 sqm (approximately 7.51 tsubo) and includes a 2.8 sqm balcony. The primary source of natural light is from the northwest.
Key equipment and features of the building include CATV, city gas, hot water supply, an elevator, bicycle parking, and motorcycle parking. The property is currently tenanted, providing an estimated annual rental income of 276,000 yen and a projected annual yield of 10.61%. The monthly running costs for the unit consist of a 3,380 yen management fee, a 2,484 yen repair reserve fund, approximately 3,098 yen for water, and a 1,050 yen association fee. There is no dedicated parking space available with this unit.
The building, constructed in February 1974 by Nishimatsu Construction Co., Ltd., contains 97 units in total. It is managed by a homeowners' association under a fully contracted,巡回 (rotating/patrol) management system by the management company Gasshin Sha Keikaku Kenkyusho Inc. The property is situated in a commercial zone and is a short 18-minute walk from Miyazaki Station on the JR Nippo Main Line.
