Investment Opportunity: Turnkey Apartment in Kyoto's Right Bank District

This property presents a compelling investment opportunity as an owner-change apartment currently under lease, offering immediate rental income potential. The unit is a 1K layout with a total private floor area of 19.6 square meters (approximately 5.92 tsubo), located on the 4th floor of a 7-story reinforced concrete (RC) building constructed in January 1988. The balcony, facing south for optimal sunlight, measures 3.05 square meters.

Key financials include an asking price of 4.8 million yen, with monthly management fees of 9,000 yen and a repair reserve fund of 500 yen. The projected annual rental income is 582,000 yen, yielding an estimated gross return of 12.1%. The building underwent major renovation work in 2019. The property is equipped with storage space, air conditioning, internet connectivity, an indoor washing machine space, lighting fixtures, an auto-lock security system, city gas, hot water supply, an elevator, bicycle parking, and motorcycle parking. Special notes indicate that water and central hot water usage fees are billed directly to the tenant by the management association, and the seller is exempt from liability for non-conforming contracts.

Situated in Kyoto's Ukyo Ward, the area blends residential calm with convenient amenities. The neighborhood is within walking distance of several shopping facilities, including ION Mall Kyoto Gojo and Kyoto Family. An interesting local fact is that the nearby Saiin area was historically a center for the production of high-quality Japanese paper (washi). The closest major landmark is the iconic Kinkaku-ji Temple (the Golden Pavilion), a UNESCO World Heritage site and one of Japan's most famous temples, located a short drive or bus ride away in northern Kyoto.