Student-Exclusive Studio Apartment in Tottori City
This studio apartment is located in the Koyamacho Nishi 1-chome area of Tottori City, Tottori Prefecture. The property is a unit on the 4th floor of an 11-story SRC (steel reinforced concrete) building constructed in January 1991. The apartment offers a living space of 20.06 square meters, measured by wall center method, and features a single room layout with a 6-tatami mat Western-style room. The balcony is oriented to the southwest, providing the main source of natural light.
A key feature of this apartment is that it has undergone renovation work to upgrade the unit to a separate bathroom and toilet layout, a popular configuration among students. Originally built with a combined bath and toilet, this upgrade has been completed. The property is exclusively for students of Tottori University, and occupancy is limited to enrolled students only.
The current status of the property is that it is tenanted, with an annual expected rental income of 264,000 yen, representing a gross yield of 40.61%. The purchase price is 650,000 yen. Monthly costs include a management fee of 5,500 yen and a reserve fund for repairs of 12,036 yen. The property is managed by REM Inspection Co., Ltd. and is an owner-change (オーナーチェンジ) listing.
