Investment Opportunity in Yamaguchi Prefecture
This property is a used condominium unit located in Hofu City, Yamaguchi Prefecture. The unit is situated on the second floor of a three-story reinforced concrete building named "Katsuma Mansion." The property offers a floor area of 30 square meters and features a 1K layout. The building was constructed in March 1979.
The unit is currently occupied, and the timing for handover is negotiable. The property includes a storage closet with an area of approximately one tatami mat. Equipment includes a shower, air conditioner, CATV, flooring, city gas, and a water supply and sewage system. The building is under self-management with periodic patrols.
The property is priced at 1,900,000 yen. The expected annual rental income is 360,000 yen, yielding a gross return of 10.28%. Monthly management fees are 3,450 yen, and repair reserve funds are 2,000 yen per month. An initial repair reserve fund of 1,720 yen is also required. There is no parking.
The property is located approximately a 15-minute walk from Hofu Station on the JR Sanyo Main Line. The area is designated as a semi-industrial zone. This property is being sold directly by the seller.
