Compact Investment Apartment in Kyoto's Historic Nishijin District

This one-room apartment, located on the 5th floor of a 5-story reinforced concrete building constructed in March 1989, presents a unique investment opportunity in Kyoto's traditional Nishijin area. The property is currently tenanted, generating a stable annual rental income of 504,000 yen with a projected yield of 8.00%. The unit features a wall-core exclusive area of 18.76 sqm (approximately 5.67 tsubo) and underwent a significant renovation in May 2021, which included the installation of a new loft, enhancing its living space and appeal.

Key equipment and features of the property include air conditioning, lighting fixtures, an auto-lock building entrance, city gas, and running water. The building offers a bicycle parking area and a parking space for motorcycles. Important notes specify that this is an owner-change property, pets are not allowed, and the unit cannot be used for office purposes. The transaction is an exclusive intermediary arrangement, and the seller's liability for non-conforming contracts is exempted.

The apartment is situated in Kamigyo Ward, Kyoto City, a district famed for its historic textile industry. The area retains a classic Kyoto atmosphere with narrow streets and traditional machiya townhouses. A short walk will bring you to the bustling Nishijin Textile Center, where you can witness live demonstrations of Nishijin-ori silk weaving, a craft with a history spanning over 1,200 years. The property offers convenient access to daily necessities, with several drugstores, convenience stores, and supermarkets within a 6-minute walk. The closest major landmark is the magnificent Nijo Castle, a UNESCO World Heritage site and former residence of the Tokugawa shoguns, approximately a 21-minute walk from the nearest station.