Compact Investment Apartment in Tottori City with High Yield Potential
This property is a compact one-room apartment located on the 5th floor of an 11-story reinforced concrete (SRC) building constructed in January 1991. The apartment offers a wall-core exclusive area of 20.06 sqm (approximately 6.06 tsubo) and features a Western-style room layout with a southwest-facing balcony, ensuring good natural light. The building is self-managed by the management association with a daytime resident manager and is managed by REM Co., Ltd. It has undergone an inspection for defects and comes with defect insurance and equipment performance evaluation guarantees. The property is currently tenanted, ensuring immediate rental income.
Key financial details include an asking price of 800,000 JPY. Monthly running costs consist of a 5,500 JPY management fee and a 12,036 JPY repair reserve fund. The property boasts a high projected annual rental income of 384,000 JPY, resulting in a significant gross yield of 48.00%. The transaction is handled as an exclusive dedicated agency. Please note that the floor plan may differ from the actual current condition.
