Maison de Meshu 319: A Compact Investment Apartment in Central Matsuyama

This listing presents Maison de Meshu 319, a studio apartment for sale located in the central district of Matsuyama City, Ehime Prefecture. The property is a 19.04 square meter (approximately 5.75 tsubo) studio unit situated on the 3rd floor of a 4-story reinforced concrete (RC) apartment building constructed in December 1990. The building itself comprises 83 units and features a balcony of 2.79 square meters with primary sunlight exposure from the east.

Translated agent notes provide essential details: The property is currently tenanted, ensuring immediate rental income. The annual projected rental income is 176,400 yen, with an estimated annual yield of 8.82%. An owner change is scheduled. Building facilities include a bicycle parking area and a motorcycle parking space. The management is fully delegated to a professional company, Presto Service Inc., and there is no live-in superintendent. The property comes with an inspection report, defect insurance, equipment warranty, and a performance evaluation. The land use zone is classified as a Quasi-Industrial District.

The apartment is conveniently located just a 1-minute walk from the Chuo-dori 2-chome bus stop, providing easy access to the city's amenities. The central Matsuyama area offers a blend of urban convenience and historical charm. An interesting local fact is that Matsuyama is home to Dogo Onsen, one of Japan's oldest hot springs, famously referenced in Natsume Soseki's novel "Botchan." The closest major landmark is the iconic Matsuyama Castle, a beautifully preserved hilltop fortress accessible via a scenic ropeway, offering panoramic views of the city and the Seto Inland Sea.