Investment Opportunity: Modern 1K Apartment in Tottori City

This property is a 1K apartment located on the 10th floor of an 11-story building in the Koyamacho Nishi 1-chome area of Tottori City, Tottori Prefecture. The apartment features a compact and efficient layout with a 6-tatami mat Western-style room. The unit underwent a full interior renovation in January 2025, which included complete wallpaper replacement and professional cleaning, ensuring it is in move-in ready condition.

The building is a robust steel-reinforced concrete (SRC) structure built in January 1991. It offers secure living with features such as an auto-lock entry system and security cameras. The apartment is equipped with a shower, washbasin, IH cooking heater, ample storage space, air conditioning, internet connectivity, an indoor laundry area, flooring, lighting fixtures, and is all-electric. Conveniently, the building also has an elevator. A special note is that the washing machine, refrigerator, and microwave oven will be handed over to the new owner as-is, providing immediate convenience.

This is an owner-change property currently under lease, so interior viewings are not available. It presents a compelling investment opportunity with an estimated annual rental income of 348,000 yen and a projected yield of 18.31%. The monthly running costs include a management fee of 4,500 yen and a repair reserve fund of 11,033 yen.