Compact Investment Apartment in Oita City with Strong Rental Yield

This listing presents a compact one-room apartment located on the 11th floor of the 11-story Toyokuni Sky Mansion Oita building in Oita City, Oita Prefecture. The property is currently tenanted, offering immediate income potential for an investor. The purchase price is set at 1.6 million JPY, with projected annual rental income of 323,000 JPY, resulting in a high estimated gross yield of approximately 17.94%.

Translated agent notes provide essential details: The monthly running costs include a management fee of 4,000 JPY and a repair reserve fund of 2,380 JPY. Additional monthly utilities include a water bill of 2,500 JPY. The property features a balcony measuring 3.68 sqm. The transaction is a general intermediary (一般媒介), and the floor plan provided prioritizes the current condition of the unit (現況を優先). The building is a reinforced concrete (RC) structure built in February 1990, with full委托,巡回 management. The land is designated as a Category I Exclusive Residential Zone (第一種住居地域).

The apartment is conveniently situated within a 12-minute walk from Takajo Station on the Nippo Main Line, providing access to Oita's transport network. The area offers a residential atmosphere within the bustling prefectural capital. An interesting local fact is that Oita City is famous for its numerous high-quality hot spring sources, being one of Japan's top onsen destinations. The closest major tourist attraction is the historic Usuki Stone Buddhas, a group of magnificent Buddhist cliff carvings designated as a National Treasure and located a short drive from the city center.