Investment Opportunity: Spacious Corner Unit Apartment in Wakayama City
This is a well-positioned 3LDK apartment located on the 4th floor of an 8-story reinforced concrete building in Wakayama City's Awamachi district. The property is currently tenanted, generating a stable monthly rental income of 60,000 yen, which translates to an impressive projected annual yield of approximately 14.69%. The total floor area is a comfortable 60.54 square meters (approximately 18.31 tsubo), featuring a functional 3LDK layout that is ideal for small families or investors seeking a reliable income stream.
Key equipment and features of the apartment include its status as a corner unit, which provides enhanced privacy and light. It benefits from dual-aspect lighting (two-sided exposure), ensuring bright and airy interiors throughout the day. The building is equipped with an elevator for easy access, and the unit utilizes convenient city gas. A balcony of 13.8 square meters offers outdoor space with a primary eastern exposure.
Special notes indicate that the property is under an owner-change annual plan. The management is fully delegated to a professional management company, ANABUKI Community Inc., which handles day-to-day operations. The building has undergone a construction inspection and comes with defect liability insurance and equipment performance guarantees for added peace of mind. A parking space is available for an additional 7,000 yen per month. Monthly common charges are 7,930 yen for management fees and 14,800 yen for the repair reserve fund.
