Investment Opportunity in Newly Built Apartment with Strong Rental Yield in Niihama, Ehime

This property is a 1DK apartment located on the 4th floor of a 10-story condominium building named "Dia Palace Niihama 412" in Izumimiyacho, Niihama City, Ehime Prefecture. Built in January 1992, the apartment offers a wall-core exclusive area of 27.4 sqm (approximately 8.28 tsubo) and includes a balcony of 5.35 sqm with primary sunlight exposure from the east. The building itself is a sturdy SRC (Steel Reinforced Concrete) structure with a total of 91 units and sits on a land area of 1,559.27 sqm.

Key financial details highlight this as a compelling investment. The property is currently tenanted, generating a projected annual rental income of 420,000 yen, which results in a high projected annual yield of 15.6%. The asking price is 2.7 million yen, with monthly management fees of 5,200 yen and a repair reserve fund of 5,040 yen. The building features on-site management by Tokyu Community Inc. and includes facilities such as a bicycle parking area and a motorcycle parking space. Important notes for potential buyers include that the transaction is a general intermediary deal, and the floor plan provided prioritizes the current layout over the original blueprint.

The apartment is situated in a commercial zone, offering convenient access to local amenities. For transportation, it is approximately an 8-minute walk to the Nobudo bus stop and about a 34-minute walk to Niihama Station on the Yosan Line. The area of Niihama is historically known as a major center for the Sumitomo mining and smelting industries, which shaped the city's development. A notable landmark near Niihama is the stunningly beautiful Mount Ishizuchi, the highest peak in Western Japan and a sacred site for Shugendo mountain asceticism, located within a reasonable driving distance for weekend excursions.