Compact 1K Apartment in Kumamoto's Chuo Ward with Investor Appeal

This 1K apartment, located on the 9th floor of a 10-story SRC building in the Kyuhonji 2-chome area of Kumamoto City's Chuo Ward, presents an opportunity for investors. The property, built in June 1991, offers a floor area of 21.56 square meters. The building is equipped with an auto-lock system, an elevator, and a bicycle parking area. Utility connections include city gas and a water heater, with a monthly water bill of 2,700 yen. The apartment features a space for a washing machine inside the unit.

The property is currently under a sublease agreement, generating an estimated annual rental income of 308,400 yen, which translates to a gross yield of 14.01%. The selling price is set at 2.2 million yen. There is no monthly management fee, though a monthly repair reserve fund of 7,410 yen applies. Parking is not available. The balcony area is not specified.

The building is situated within a 7-minute walk of the Kyuhonji Kousaten Station on the Kumamoto City Dentetsu Ken-gun Line. The area is zoned for neighborhood commercial use. The property is being sold under an owner-change arrangement, and the timing for handover is negotiable.