Property Overview: Used Apartment in Saga City
This is a used apartment unit located in Matsubara 4-chome, Saga City, Saga Prefecture. The property is situated on the 3rd floor of an 11-story reinforced concrete building constructed in January 1992. The unit offers a studio layout (one room) with a floor area of 28.75 square meters (approximately 8.69 tsubo) and a balcony measuring 6.16 square meters. The main light exposure faces south.
The property is currently tenanted, making it an owner-change (オーナーチェンジ) investment opportunity. The estimated annual rental income is 420,000 yen, providing a projected gross yield of 11.66%. The asking price is 3,600,000 yen. Monthly costs include a management fee of 3,900 yen, a repair reserve fund of 3,740 yen, and a monthly association fee of 100 yen.
The building features an elevator, a bicycle parking area, and a tiled exterior. The unit is equipped with a space for a washing machine, city gas supply, and a water heater. The property is located in a commercial zoning district. The total number of units in the building is 117. The land is under freehold ownership.
For access, Saga Station on the Nagasaki Main Line is approximately a 5-minute bus ride away, with a 3-minute walk from the bus stop "Katadae (6) [Katadae Nishi]". The property is located near elementary and junior high schools.
