Investment Opportunity: High-Yield Rental Apartment in Kagoshima

This listing presents a concrete investment opportunity in Kagoshima City. The property is a 1K apartment located on the 6th floor of an 11-story SRC (steel-reinforced concrete) building named Harada Rue Building. The unit has a private area of 23.46 sqm (approximately 7.09 tsubo) and features a layout with a 6-tatami mat Japanese-style room and a 4-tatami mat kitchen area. The balcony faces the northwest, providing natural light.

Key financial details are highlighted. The asking price is 1.7 million JPY. The property is currently tenanted, with an estimated annual rental income of 360,000 JPY, projecting a high surface yield of 21.17%. Monthly running costs include a management fee of 3,600 JPY, with no repair reserve fund required. The building, constructed in August 1974, is under self-management with a巡回管理会社 (rotational management company). The listing is an owner-change property, indicating a transfer of ownership while the tenant remains.

The location offers excellent convenience. It is just a 4-minute walk from Taniyama Station on the Ibusuki Makurazaki Line, providing direct train access. The immediate neighborhood is well-serviced with a Seven-Eleven convenience store 92 meters away, supermarkets like Co-op Taniyama and Yamagataya Store Taniyama within 700 meters, and kindergartens and schools nearby.

The area of Taniyama is a vibrant suburban hub in southern Kagoshima. An interesting local fact is its proximity to the active Sakurajima volcano, which frequently dusts the city with fine volcanic ash, a unique aspect of daily life here. For visitors, a major nearby attraction is the stunning Sengan-en Garden, a UNESCO World Heritage site and a former villa of the Shimazu clan, offering beautiful traditional landscapes and views of Kagoshima Bay.