Investment Opportunity in Oita City: Owner-Change Apartment

This property is a used apartment located in Otemachi 1-chome, Oita City, Oita Prefecture. It is situated on the 4th floor of an 8-story reinforced concrete building named Sanwa Corporation Otemachi 13, constructed in March 1979. The unit offers a studio layout (one room) with a floor area of 23.85 square meters and a balcony of 3.3 square meters. The main living area is an 8-tatami mat Japanese-style room.

The property is currently tenanted, presenting an owner-change investment opportunity. The estimated annual rental income is 192,000 yen, yielding a projected return of 7.74%. The property is priced at 1,500,000 yen. Monthly expenses include a management fee of 3,000 yen and a neighborhood association fee of 300 yen. There is no repair reserve fund. The property features propane gas, a water heater, an elevator, a bicycle parking area (100 yen per month), and a motorcycle parking area (500 yen per month). The main source of light is from the south.

The location offers convenience, with a convenience store directly in front of the building. It is a 15-minute walk from Oita Station on the JR Nippo Main Line, and a 5-minute walk from the Compal Hall Entrance bus stop. The property is in a commercial district near the city hall and prefectural office. Nearby amenities include a Seven-Eleven convenience store (77 meters), a Lawson supermarket (225 meters), and a Tokiha department store (729 meters).