Compact Investment Studio in Shiroyama, Kagoshima City
This is a studio apartment located on the third floor of a five-story reinforced concrete building in the Shiroyama area of Kagoshima City, Kagoshima Prefecture. The property has a floor area of 17.54 square meters and includes a balcony measuring 2.87 square meters. The unit was built in March 1985 and is currently occupied by a tenant.
The apartment features an air conditioner, a BS terminal, an auto-lock security system, city gas supply, a hot water system, an elevator, and a bicycle parking area. The main lighting direction is southwest.
The property is being sold as an owner-change (オーナーチェンジ) investment, meaning the current tenant remains. The annual scheduled rental income is 336,000 yen, which gives a gross yield of 19.76%. The monthly management fee is 7,000 yen, and the monthly reserve fund for repairs is 2,000 yen. There is no parking space available.
The building is a five-story structure with one basement floor, containing a total of 55 units. The land area is 421.32 square meters. The management is fully outsourced with patrol visits, and there is a management association. The building is located in a Category 2 Residential Zone.
The nearest station is Asahidori Station on the Kagoshima City Toso Line, a seven-minute walk away. The property is situated in the Shiroyama neighborhood of Kagoshima City, Kagoshima Prefecture.
