Property Overview: Studio Apartment in Tottori City
This is a studio apartment (one room) located on the 5th floor of an 11-story reinforced concrete building in the Koyamacho Nishi 1-chome area of Tottori City, Tottori Prefecture. The property has a floor area of 20.06 square meters. The building was constructed in January 1991. The unit is currently rented out, offering an investor an annual planned rental income of 384,000 yen, with a projected gross yield of 48.00%.
The apartment has been upgraded from its original layout, which had a combined bathroom and toilet, to a more popular separate bathroom and toilet layout. The main light source faces the southwest. A monthly management fee of 5,500 yen and a repair reserve fund of 12,036 yen are applicable. Parking is listed as 'other'. This is an owner-change property.
A critical condition for this property is that it is a student-only apartment, and only students of Tottori University are permitted to reside there. The building is managed by REM Inspection Co., Ltd. with a management association. The land is under ownership rights. The area is designated as a neighborhood commercial district. The property is a 5-minute walk from Tottori University-mae Station on the Sanin Main Line.
