Castle Mansion Oe 507: A Compact Investment Studio in Kumamoto City
This property, known as Castle Mansion Oe 507, is a studio apartment located on the fifth floor of a seven-story reinforced concrete building situated in the Chuo-ku ward of Kumamoto City, Kumamoto Prefecture. The unit offers a compact internal living area of 15.49 square meters, complemented by a 2.8-square-meter balcony. The building was constructed in May 1991 and comprises a total of 79 units.
The property is being sold as an owner-change (オーナーチェンジ) investment opportunity, with an annual projected rental income of 348,000 yen, representing a gross yield of 19.33%. The current status of the unit is vacant, and it is available for immediate handover. The monthly maintenance fee is 6,740 yen, and the repair reserve fund is 2,000 yen. Pets are not permitted within the unit.
Utilities connected to the property include city gas, a public water supply, and a public sewer system. The building's management is fully outsourced with a daytime manager, handled by Kyushu Building Service Fukuoka. A major repair is scheduled for the building in 2028. The sale is on an as-is basis, and the listing notes that a site inspection is recommended. The property is located in a neighborhood commercial zone.
