Investment Opportunity in Yamagata City with Strong Rental Yield
This property is a two-bedroom apartment located on the 8th floor of an 11-story condominium building in Yamagata City, Yamagata Prefecture. The unit, part of the Asahi Plaza Tokomachi complex, offers a private area of 54.03 square meters (approximately 16.34 tsubo) in a 2LDK layout. Built in May 1991 with a steel-reinforced concrete (SRC) structure, the apartment is currently tenanted, generating a stable monthly rental income of 75,000 yen. This translates to an impressive annual projected rental yield of 12.5%, presenting a compelling investment opportunity as an owner-change property.
Key features and equipment include a balcony. The monthly carrying costs consist of a 10,666 yen management fee and a 15,903 yen repair reserve fund. The property is situated in a commercial zone and benefits from excellent accessibility, being just a one-minute walk from the Tokomachi Corner bus stop. The transaction is handled as a general intermediary, and it is important to note that floor plans prioritize the current layout over the original blueprint.
The surrounding area of Tokomachi is a central part of Yamagata City, offering convenient urban living. An interesting historical fact about Yamagata is that it is home to one of Japan's three major lantern festivals, the Yamagata Hanagasa Festival, held every August. The closest major landmark is the historic Yamadera Temple (Risshakuji), a stunning mountainside temple complex founded over a thousand years ago, located a short train ride from the city center and offering breathtaking views.
