Investment Opportunity in Kyoto's Ichijoji Area: A 2K Apartment Near Kyoto University of the Arts

This property presents a compelling investment opportunity in the culturally rich Ichijoji district of Kyoto's Sakyo Ward. Listed for sale at 5.3 million yen, this 2K layout apartment offers a unique owner-change scenario, currently tenanted with a projected annual rental income of 480,000 yen, yielding an estimated 9.05% return. The apartment is situated on the 3rd floor of a 3-storey steel-framed building constructed in February 1974.

The unit has a private interior area of 25.8 sqm (approximately 7.8 tsubo) and incurs monthly management fees of 6,000 yen and a repair reserve fund of 2,000 yen. Key equipment and features, as detailed in the agent notes, include a separate bath and toilet, a bathroom with a window, a washbasin, city gas, and public water and sewage systems. The property is under self-management without an on-site superintendent. It is important to note that the floor plan prioritizes the current condition of the unit.

The location is highly convenient, with Eizan Railway's Chayama/Kyoto University of the Arts Station just a 9-minute walk away, and the apartment itself is only about a 6-minute walk from the university campus. The area is zoned as a Quasi-Residential District. The property comes with a defect insurance guarantee and a performance evaluation. Other running costs include an estimated monthly water bill of around 2,000 yen.

The Ichijoji area is known for its academic atmosphere and traditional charm, nestled at the foot of the scenic Mount Hiei. It is famous for its numerous temples and its historic connection to the poet Matsuo Basho. A major landmark nearby is the iconic Kinkaku-ji Temple (the Golden Pavilion), a UNESCO World Heritage site, which is a short drive or bus ride away and represents the pinnacle of Kyoto's cultural heritage.