Investment Opportunity: Owner-Change Apartment Near Kumamoto University

This is a one-room apartment for sale in Kumamoto City, offering a unique owner-change investment opportunity. The property is located in the Kurokami 5-chome district of Chuo Ward, a central area known for its proximity to Kumamoto University. The apartment is situated on the 3rd floor of a 3-story reinforced concrete (RC) building constructed in March 1990. The unit has a private floor area of 18.24 sqm (approximately 5.51 tsubo) with a south-facing balcony, providing good natural light.

Key features and agent notes (translated from Japanese) include: This is a sale of the property in its current condition (現況有姿売買), so an on-site inspection is essential. The projected annual rental income is 333,000 yen, with an estimated surface yield of 17.52%. The management is entrusted to Meiwa Real Estate Management Co., Ltd. The unit is currently being advertised for rent at 25,000 yen per month plus a fixed water charge of 2,750 yen/month (as of July 2025, it is vacant). Separate water charges to the management association are also required (2,500 yen/month). The property rights share for the land is 2735/100000 and 2735/200000. Facilities include propane gas, tap water, and sewerage. Pets are not permitted. The building has 35 units in total and is managed under a fully-commissioned, patrol-based system.