Compact Investment Apartment in Central Matsuyama, Ehime

This one-room apartment presents a compelling investment opportunity in the heart of Matsuyama City. Priced at 1.8 million yen, the property offers a compact yet functional living space with a wall-core exclusive area of 18.85 sqm (approximately 5.7 tsubo). The unit is located on the 5th floor of a 5-story reinforced concrete (RC) building constructed in November 1988. Monthly fees include a 5,025 yen management fee and a 6,050 yen repair reserve fund. The apartment features a south-facing balcony measuring 2.50 sqm, providing natural light.

Key features and agent notes include: The property is currently tenanted, ensuring immediate rental income. The annual projected rental income is 186,000 yen, yielding an estimated annual return of 10.33%. The building has a total of 34 units and is managed by a fully entrusted management association, though there is no resident manager on-site. The property is designated for an owner-change transaction. It is located within the school districts for Matsuyama City Shimizu Elementary School and Matsuyama City Katsuyama Junior High School. Conveniently, Marunaka Central Street Store is a 4-minute walk away. Please note there is no parking available. The transaction is handled as a general intermediary (management code 48).