Compact Investment Apartment in Matsuyama, Ehime
This studio apartment, located in the La Parfaite de Yurisumi building in Matsuyama's Tenzan 1-chome, presents a straightforward investment opportunity. The property is currently tenanted, generating a projected annual rental income of 169,000 yen, which translates to an estimated yield of 12.1%. The unit itself offers a compact living space with a wall-core exclusive area of 19.95 sqm (approximately 6.03 tsubo) and includes a 2.83 sqm balcony facing east for natural light.
Key building features include a reinforced concrete (RC) structure, six above-ground floors with this unit situated on the first floor, and a construction date of March 1990. The condominium complex comprises 82 units and sits on a land area of 1,224.57 sqm. Building amenities include a bicycle parking area and a motorcycle parking space. The management is fully outsourced to Presto Service Co., Ltd., with no on-site superintendent. The property is situated within a Category I Exclusive Residential Zone.
The area of Matsuyama is rich in history and culture, being the capital of Ehime Prefecture on Shikoku Island. An interesting local fact is that Matsuyama is home to Dogo Onsen, one of Japan's oldest hot springs, famously mentioned in the classic novel "Botchan" by Natsume Soseki. The closest major landmark from this property is the historic Matsuyama Castle, a beautifully preserved hilltop fortress offering panoramic views of the city and the Seto Inland Sea.
