Maison de Mer: A Compact Investment in Matsuyama's Central District
This property is a one-room apartment for sale located in the central district of Matsuyama City, Ehime Prefecture. The apartment is part of the Maison de Mer building, a 5-story reinforced concrete (RC) structure built in November 1988. The unit itself is on the 2nd floor and offers a compact, efficient living space with a private area of 16.6 square meters (approximately 5.02 tsubo). The main living area benefits from eastern-facing natural light.
Key financial details include an asking price of 2.3 million yen. The monthly carrying costs consist of a 4,500 yen management fee and a 6,050 yen repair reserve fund. The property is currently tenanted, with an estimated annual rental income of 155,400 yen, projecting a gross yield of approximately 6.75%. The building offers amenities including a free bicycle parking area and a free motorcycle parking space. The management is fully outsourced with no on-site superintendent. The transaction is handled as a general intermediary, and the property comes with defect insurance and a performance evaluation.
