Investment Opportunity in Kumamoto: Studio Apartment Near Kumamoto University
This property is a studio apartment located on the first floor of the 'Form Kumadai-mae' building in Kumamoto City's Chuo Ward. The apartment is currently vacant and available for purchase at a price of 2,000,000 JPY. The unit features a wall-core exclusive area of 17.99 sqm (approximately 5.44 tsubo) and includes a 2 sqm balcony.
According to the agent's notes, the property is equipped with air conditioning, hot water supply, storage space, a balcony, and has flooring in all rooms. A critical note from the listing states: 'Current status: vacant. Currently recruiting tenants at a monthly rent of 23,000 yen. Gross yield at full occupancy is 13.8%. *Repair reserve fund is combined with the management fee.' This presents a clear investment opportunity with a potential high yield for a buyer looking for rental income.
The building itself is a 3-story reinforced concrete (RC) structure built in April 1992, making it approximately 33 years and 11 months old. It contains 28 units total. The monthly management fee for this unit is 7,965 yen. The property does not come with a dedicated parking space. The location is governed by the First Category Medium-to-High Rise Residential Exclusive Zone regulations.