Investment Opportunity: 1K Apartment in Oita City with Stable Rental Income

This property is a south-facing 1K apartment located on the 5th floor of an 8-story condominium building in the Sano area of Oita City, Oita Prefecture. Built in February 1991, the apartment offers a wall-core exclusive area of 21.75 sqm (approximately 6.57 tsubo). It is currently tenanted, providing an immediate and stable rental income stream, making it an ideal entry point for first-time investors. The estimated annual rental income is 264,000 yen, with a projected yield of 22%.

Key features and equipment of the property include CATV infrastructure, propane gas supply, an elevator, a bicycle parking area, and a motorcycle parking space. The building is constructed with SRC (steel reinforced concrete) and is under full委托,巡回 management. The transaction is handled as an exclusive intermediary. Important notes specify that inquiries must be directed to the listed real estate company, and the floor plan is subject to the actual current condition of the property.

The Sano area offers convenient daily living, with a 7-Eleven convenience store just 75 meters away and Oita Niu Post Office within a 515-meter walk. For a touch of local culture and history, residents can visit the historic Usuki Stone Buddhas, a UNESCO World Heritage site located approximately 30 kilometers south, featuring magnificent Buddhist carvings from the 12th century.