Investment Apartment in Himeji, Hyogo Prefecture
This is an opportunity to acquire a condominium unit located in the Aoyama area of Himeji City, Hyogo Prefecture. The property is currently tenanted, offering an immediate rental income stream for the new owner. The unit has a floor area of 49.08 square meters and is situated within a seven-story reinforced concrete building.
The current monthly rent is 39,000 yen, with an additional common area fee of 1,000 yen. After accounting for the monthly management fee of 6,300 yen and repair reserve fund of 9,840 yen, the owner retains a net monthly income of over 21,000 yen. The gross yield is reported to be over 16%. The property also incurs annual fixed asset and city planning taxes of 38,200 yen.
The unit's water fixtures, including the unit bath, were replaced by a previous owner approximately five to six years ago, and the vanity unit was likely replaced around the same time. When the property was listed for a new tenant about six months ago, the cushion flooring was replaced. After the current tenant moved in, the electrical distribution panel and other electrical equipment were renewed. While the building itself is older, the building management association is well-functioning and has accumulated a substantial repair reserve fund, providing peace of mind regarding future maintenance.
The seller, currently based in Osaka, is looking to consolidate their real estate portfolio to properties closer to their home. The property is managed by a management company for a monthly fee of 1,000 yen plus tax, which means the owner has had almost nothing to do since the property was rented out, making it suitable for owners living in remote areas.
