Investment Opportunity: Compact 1K Apartment in Oita City

This property is a compact 1K apartment located on the second floor of the 'Flection Oita Oizai' building in Oita City, Oita Prefecture. The apartment features a total floor area of 20.09 sqm (approximately 6.07 tsubo) with a small balcony of 2.1 sqm. The building itself is a 5-story reinforced concrete (RC) structure built in July 1902, making it a property with significant historical character. The current status is vacant.

According to the agent's notes, the apartment is equipped with air conditioning, hot water supply, storage space, a balcony, a bicycle parking area, and features flooring in all rooms. A critical note from the agent states: 'Currently recruiting tenants for a monthly rent of 25,000 yen! The surface yield is 15%!' This highlights the property's primary appeal as a potential investment for generating rental income.

The apartment is situated in the Oita Oizai Kita 3-chome area. While a 26-minute walk from the Oizai Station on the Nippo Main Line, the location offers a quieter residential setting. The area is part of Oita City, the capital of Oita Prefecture, which is famous for its numerous high-quality hot springs, particularly the Beppu and Yufuin Onsen areas. A notable landmark not far from the city is the historic Usuki Stone Buddhas, a group of magnificent Buddhist cliff carvings designated as a National Treasure and a candidate for UNESCO World Heritage status.

Monthly fees for the building include a 4,900 yen management fee and a 4,020 yen reserve fund. There is no dedicated parking space available with this unit. The property is listed for sale with an asking price of 2,000,000 yen, presenting a low-entry-cost opportunity for investors seeking to add a rental property to their portfolio, given the advertised tenant recruitment and yield.