Investment Opportunity: Renovated 1LDK Apartment in Kobe's Kita Ward
This property is a used condominium located in Arinocho Karato, Kita Ward, Kobe City, Hyogo Prefecture. It is an owner-change (オーナーチェンジ) property, meaning it comes with a tenant in place. As of June 2023, the unit has been generating a monthly rental income of 48,000 yen, which includes a parking fee. The property is also enrolled with a guarantee company.
The apartment is situated on the fourth floor of a four-story building constructed from reinforced concrete (RC) in May 1974. The unit offers a 1LDK layout with a floor area of 39.05 square meters. It features a south-facing orientation, ensuring good natural light throughout the day. A major renovation was completed in March 2023, which included updating the kitchen, toilet, and washroom, as well as replacing the flooring (with flooring materials) and wallpaper in all rooms.
The property is equipped with a warm-water bidet toilet seat, a shower-equipped vanity, lighting fixtures, a monitor intercom, and a fire alarm. It uses propane gas for utilities. The monthly management fee is 3,000 yen, and the repair reserve fund is also 3,000 yen. A parking space is available for an additional 5,000 yen per month. The annual projected rental income is 576,000 yen, yielding a gross return of 14.76%. The nearest station is Shintetsu Rokko Station on the Kobe Electric Railway Arima Line, which is a 7-minute walk away.
