Compact Investment Apartment in Matsuyama's Historic Dogo Area
This one-room apartment, located in the Dogo Yugata district of Matsuyama City, Ehime Prefecture, presents a compelling investment opportunity. The property is a compact unit with a private floor area of 16.05 square meters (approximately 4.85 tsubo) and includes a 2.94 square meter balcony with western exposure. It is situated on the 2nd floor of a 6-story reinforced concrete (RC) apartment building constructed in September 1985. The building features a total of 59 units and is under self-management with an on-site manager.
Translated agent notes regarding equipment and features include: bicycle parking available, motorcycle parking available. Special notes indicate an owner change is planned. The property is currently tenanted, with immediate availability for handover. The projected annual rental income is 360,000 yen, yielding an estimated annual return of 18.94%. The building is equipped with a parking lot for bicycles and a dedicated parking area for motorcycles.
The apartment is conveniently located within a 10-minute walk from Tetsubayamachi Station on the Iyo Railway Loop Line, providing easy access to Matsuyama's city center. The surrounding Dogo area is famously home to Dogo Onsen, one of Japan's oldest and most historic hot spring resorts, attracting visitors from across the country. This location offers the unique blend of a quiet residential neighborhood with proximity to a major cultural and tourist destination.
