Compact Investment Apartment in Central Hamamatsu

This property is a compact 1K apartment located in the central Naka-ku ward of Hamamatsu City, Shizuoka Prefecture. The apartment is situated on the 2nd floor of a 5-story reinforced concrete (RC) building constructed in March 1991. The unit offers a wall-core exclusive area of 20.83 sqm (approximately 6.3 tsubo) and features a 7-tatami mat Western-style room with a south-facing balcony measuring 3.55 sqm, providing good natural light.

Translated from the agent's notes, the property is equipped with storage space, a closet, air conditioning, an indoor washing machine space, lighting fixtures, an auto-lock security system, city gas, a water heater, an elevator, and a free-of-charge bicycle parking area. A key feature is that it is currently tenanted, offering an immediate annual projected rental income of 324,000 yen, which translates to a projected yield of 32.4%. The management is fully entrusted to the building's management association, with services provided by Kowa Management Co., Ltd. The property comes with defect insurance and a performance evaluation. The land is designated for neighborhood commercial use under the City Planning Act. Special notes indicate an owner change is planned for the year, and the transaction method is exclusive agency.