Compact Investment Condominium in Otsu, Shiga
This studio apartment, located on the 2nd floor of a 10-story building, offers a practical investment opportunity in the city of Otsu, Shiga Prefecture. The property features a wall-core exclusive area of 26.27 sqm (approximately 7.94 tsubo) and was constructed in March 1989. The building is a sturdy Steel Reinforced Concrete (SRC) structure with a total of 63 units. Management is fully outsourced with a patrol-based superintendent system. The property comes with an owner change scheduled, and the annual projected rental income is 560,000 yen, yielding an estimated annual return of 14.00%.
Key equipment and features include a balcony. Special notes indicate that the floor plan may be subject to change based on the actual condition of the property. The monthly fees consist of 5,900 yen for management and 9,800 yen for repair reserve fund. Parking is available under 'other' conditions. The transaction is handled as a general intermediary.
