Located in Amayama 2-chome, Matsuyama City, this three-story pre-owned property offers a spacious 3LDK layout with an impressive total floor area of 200.09 square meters. Built in November 1979, the steel-frame construction sits on a 123.18 square meter lot in a prime residential area.
The property is currently tenant-occupied and generates an annual rental income of 1.224 million yen, providing a healthy yield of 5.56%. With its convenient location just 2 minutes' walk from Tenzan Henjojo-nishi bus stop, the house benefits from excellent access to local amenities including the Tenzan Hospital and Matsuyama Tenzan Post Office.
The building underwent water facilities renovation in January 2013, including kitchen updates. The property faces a 4.4-meter wide public road and is located in a Category 1 residential zone. At a price point of 19.9 million yen, this owner-change property presents an attractive investment opportunity in a well-established neighborhood of Matsuyama City.
