Villa Espoir: A Bright and Secure Investment Condominium in Kyoto's Kamigyo Ward
This property is a 1DK condominium for sale located in Kamigyo Ward, Kyoto City. The apartment is situated on the 2nd floor of a 4-story reinforced concrete (RC) building constructed in December 1984. The unit features a south-facing orientation, ensuring warmth and natural light even during the shorter daylight hours of winter. Security is enhanced with a double-lock door system.
Key equipment and features include ample storage space, an indoor area for placing a washing machine, hot water supply, and a complimentary bicycle parking lot, making it highly convenient for those who commute by bicycle. The interior underwent a full renovation in February 2024, including new flooring (such as hardwood) and wallpaper replacement in all rooms.
Special notes indicate the property is currently tenanted, with an expected annual rental income of 480,000 yen and a projected yield of 7.38%. The transfer of ownership is planned for this year. Monthly running costs include a 250 yen garbage collection fee. The management fee is 3,200 yen per month, with a repair reserve fund of 1,800 yen per month. There is no car parking available. The transaction is handled under an exclusive intermediary agreement.
The area is rich in history, situated in the former Nishijin textile district. A short walk will bring you to the iconic Kinkaku-ji Temple (the Golden Pavilion), a UNESCO World Heritage site renowned for its stunning gold-leaf coating and serene pond garden, offering a quintessential Kyoto experience.
