Property Overview
This is a studio apartment located on the 5th floor of an 11-story reinforced concrete building in the Koyama-cho area of Tottori City, Tottori Prefecture. The property offers a floor area of 19.72 square meters and features a separate bathroom and toilet layout, which has been upgraded from the original unit bath type. It is exclusively for students of Tottori University.
The building was constructed in January 1991 and is of SRC (steel reinforced concrete) construction. The apartment is currently tenanted, with an annual rental income of 264,000 yen and a projected yield of 65.99%. The property is being sold as an owner-change transaction.
The monthly management fee is 5,500 yen, and the repair reserve fund is 11,832 yen. The main balcony faces southwest. The property is located approximately a 5-minute walk from Tottori University Station on the Sanin Main Line.