Compact Investment Apartment in Ube City, Yamaguchi
This property is a compact 1K apartment unit located on the 4th floor of a 7-story reinforced concrete building named 'Nichishin Palace Stage Ube'. The unit has a private balcony measuring 3.77 sqm. The building is equipped with an elevator and an auto-lock security system for resident safety and convenience.
According to the agent's notes, the unit features storage space, an air conditioner, and uses propane gas for cooking and hot water supply. The building management is fully outsourced with a patrol-based management system. The property is currently vacant and the handover timing is negotiable. The agent specifically requests that inquiries be directed to the listed agent's mobile phone.
The apartment is situated in Ube City, Yamaguchi Prefecture, within a commercial neighborhood zone. It offers excellent access to public transport, being just a 5-minute walk from Higashishinkawa Station on the Ube Line. This property is presented as an investment opportunity, with projected annual rental income of 3,000,000 yen and an estimated yield of 16.6%. The sale price is listed at 1,000,000 yen, with monthly management fees of 5,500 yen and a monthly repair reserve fund contribution of 3,770 yen.
