Investment Opportunity: Maruni Mansion in Ise City, Mie Prefecture
This listing presents a compelling investment property: a 3K apartment located in the Maruni Mansion building in Ise City, Mie Prefecture. The unit is currently tenanted, providing immediate rental income. The property is being offered as an owner change opportunity, with the current tenant in place. The annual projected rental income is 456,000 yen, yielding a surface cap rate of approximately 18%. Please note that interior viewings are not possible due to the existing tenancy.
Translated agent notes provide essential details. The property is tenanted, with a surface yield of about 18% and annual income of 456,000 yen. The contract includes a disclaimer of liability for non-conformities and will be transferred in its current condition. The annual fixed asset tax for the 2025 fiscal year is 1,500 yen for the land and 17,182 yen for the building. Monthly management fees are 9,640 yen. The layout consists of two 6-tatami Japanese-style rooms, one 6-tatami Western-style room, and a 5-tatami kitchen area. The balcony, facing south, measures 4.9 square meters. The building is an 8-story steel structure, and this unit is on the 3rd floor. The property was built in October 1984.
The apartment is situated in the Fukeage 2-chome district of Ise City, a location steeped in history and culture. Ise is most famous for the Ise Jingu (Ise Grand Shrine), one of Shinto's most sacred sites, drawing millions of pilgrims and tourists annually. The property offers excellent access, being just a 5-minute walk from Ujiyamada Station on the Kintetsu Yamada Toba Shima Line, and a 9-minute walk from both the Kintetsu and JR Ise-shi Stations, providing convenient connections throughout the region.
