Compact Investment Apartment in Kagoshima's Yanagiyama District
This property is a one-room apartment for sale located on the 5th floor of the 5-story "Big Barns Mansion Yanagiyama A Building" in Kagoshima City. The unit offers a compact yet functional living space with a private area of 23.18 sqm (approximately 7.01 tsubo). Built in February 1989, the reinforced concrete (RC) building provides durability and stability. The apartment features a southwest-facing orientation for good natural light and is situated in a corner unit on the top floor, offering potential for better views and ventilation.
Key equipment and features include propane gas, hot water supply, a bicycle parking area, and a motorcycle parking space. The building's exterior is finished with tiles. A special note is that the balcony area is unspecified. The monthly management fee of 5,000 yen includes water usage charges, and there is a separate monthly repair reserve fund of 2,000 yen. The property is currently tenanted, generating an estimated annual rental income of 420,000 yen, which translates to a projected annual yield of 19.09%. The transfer timing for the new owner is negotiable. The building is under self-management by the owners' association, with no on-site manager present.
