Investment Opportunity in Miyazaki City
This property is a used condominium unit located in Asahi 2-chome, Miyazaki City, Miyazaki Prefecture. The unit is on the fifth floor of a seven-story reinforced concrete building named Forum Miyazaki Ekimae, offering a living space of 24.31 square meters. The layout is a 1K, suitable for a single occupant. The monthly management fee is 5,100 yen, and the repair reserve fund is 3,400 yen.
The building was constructed in May 1991. The unit has a balcony of 3.72 square meters and faces south, providing good sunlight. It is an owner-change property, meaning the current owner is renting it out, and the new owner can take over the lease. The annual estimated rental income is 372,000 yen, yielding an 18.6% return. The property is currently tenanted, so the delivery date is negotiable.
The unit includes a storage space, a BS antenna terminal, CATV, and is a corner room. It has a water heater, an elevator in the building, and parking for bicycles and motorcycles. The property is located in a neighborhood commercial district. The nearest station is Miyazaki Station on the JR Nippo Main Line, an 11-minute walk away. The local elementary school is Miyazaki Municipal Miyazaki Elementary School, 307 meters away, and the junior high school is Miyazaki Municipal Miyazaki Junior High School, 779 meters away.
