For Sale: Investment Apartment Near JR Nobeoka Station

This property is a one-room apartment for sale, located within a short 3-minute walk from JR Nobeoka Station on the Nippo Main Line. The apartment is situated on the 2nd floor of an 8-story reinforced concrete (RC) building constructed in April 1991. The unit has a private floor area of 19.03 square meters (approximately 5.75 tsubo) and includes a 3.55 square meter balcony with a western exposure.

The building is managed by a homeowners' association with full outsourcing, and the unit is currently tenanted. The sale price is 1,500,000 JPY. Monthly running costs include a 4,920 JPY management fee and a 4,270 JPY repair reserve fund. There is no parking available with the property. The annual projected rental income is 324,000 JPY, resulting in a projected annual yield of 21.60%. The sale will be an owner change, and the property will be transferred in its current condition. The seller will not assume liability for any defects.

Building amenities include city gas, water supply, sewer system, and an elevator. The property is located in a commercial zone. The immediate neighborhood offers convenient access to daily amenities, including a Seven-Eleven convenience store (4-minute walk), a TSUTAYA AV Club (7-minute walk), a Super MaxValu supermarket (9-minute walk), and several banks and post offices within an 11-minute walk.