Investment Opportunity in Oita City
This is a used condominium unit located in Kakozuhara 2-chome, Oita City, Oita Prefecture. The property is a one-room layout (1K) with a floor area of 28.27 square meters, situated on the fifth floor of a nine-story reinforced concrete building. The building was constructed in January 1992 and comprises 52 total units.
The unit is currently tenanted, offering an estimated annual rental income of 288,000 yen, which yields a projected gross return of 13.71%. The property is priced at 2,100,000 yen. Monthly expenses include a management fee of 2,400 yen and a repair reserve fund of 4,500 yen. Parking is available for 3,000 yen per month. The property uses propane gas and features an elevator and bicycle parking area.
The location is approximately an 11-minute walk from Oza Station on the Nippo Main Line, providing convenient access to the area. The neighborhood includes nearby amenities such as a MaxValu supermarket, convenience stores, and various dining options within walking distance. The land is under freehold ownership, and the designated zoning is a quasi-residential district.
Note that the interior photos shown are of a similar unit, not the actual unit itself. This property is listed for sale and is presented as an investment opportunity.
