Student-Exclusive Studio Apartment in Tottori City
This studio apartment (one room, approximately 19.72 m²) is located on the 5th floor of an 11-story reinforced concrete (SRC) building in the Koyama-cho area of Tottori City, Tottori Prefecture. The property is exclusively for students of Tottori University; no other tenants are permitted.
The unit has been upgraded from its original configuration where the bath and toilet were in the same room to a layout with separate bath and toilet facilities, a popular feature among students. The apartment includes a 6-tatami mat western-style room and a balcony with a main exposure facing southwest. The building was constructed in January 1991.
The property is currently under lease, with an annual scheduled rental income of 444,000 yen and an expected annual yield of 88.80%. The sale price is 500,000 yen. Monthly management fees are 5,500 yen and repair reserve fund contributions are 15,336 yen. The property is under owner-change (owner change) status, and the handover date is negotiable.
The nearest station is Tottori-daigaku-mae Station on the San'in Main Line, a 5-minute walk away. The property is located in a neighborhood commercial district.
