Compact Investment Apartment in Central Saga City
This 1K apartment, located on the 4th floor of an 11-story building, offers a practical and secure living space in Saga City. The property features a wall-core exclusive area of 19.88 sqm (approximately 6.01 tsubo) with a 3.64 sqm balcony facing southwest for good natural light. The building, constructed in January 1992 with a steel-reinforced concrete (SRC) structure, is part of the "Romanceque Matsubara" complex containing 117 units. The monthly running costs are manageable, consisting of a 2,580 yen management fee, a 2,700 yen repair reserve fund, and a 100 yen association fee.
Key equipment and features include a kitchen, storage space, air conditioning for cooling and heating, an indoor washing machine space, a monitor-equipped intercom, security cameras, city gas, hot water supply, and a bicycle parking area. Special notes indicate the current status is tenanted, with a planned annual rental income of 360,000 yen and an estimated yield of 12%. The transaction is an exclusive intermediary, and an owner change is scheduled for the year. The property comes with defect insurance and a performance evaluation. The land is designated for commercial use under the National Land Use Planning Act.
The area of Matsubara in Saga City is a central urban district known for its blend of residential and commercial activity. An interesting local fact is that Saga City is the birthplace of the famous Saga Balloon Festival, the largest international hot air balloon competition in Asia. The closest major landmark is the historic Saga Castle, a reconstructed castle keep that serves as a museum and is surrounded by beautiful parklands, located approximately 3 kilometers from the property.
