Investment Opportunity: Owner-Change Apartment Near Hankyu Saiin Station

This is a one-room apartment located on the 5th floor of a 9-story SRC (steel-framed reinforced concrete) building constructed in October 1985. The property is currently tenanted, presenting an immediate income-generating opportunity for an investor. The unit offers a compact yet functional living space with a wall-core exclusive area of 16.99 sqm (approximately 5.13 tsubo), featuring a 6.5-tatami mat Western-style room and a balcony with a primary northern exposure.

Key details from the agent notes include comprehensive equipment: city gas and an elevator in the building. Special remarks clarify this is an owner-change property, currently rented for a monthly fee of 40,000 yen (35,000 yen rent + 5,000 yen common service fee), generating an estimated annual rental income of 420,000 yen and a projected yield of 6.61%. The seller does not assume liability for contractual non-conformities. The fixed asset tax for the 2025 fiscal year is 26,000 yen. There is a condition for the takeover of the management contract. The property includes a defect insurance guarantee and performance evaluation.

The apartment is situated in a highly convenient area of Nakagyo Ward, Kyoto. It is just a 3-minute walk from both Hankyu Railway's Saiin Station and Keifuku Railway's Arashiyama Main Line Saiin Station, offering excellent access to central Kyoto and beyond. The surrounding neighborhood provides all daily necessities with supermarkets, convenience stores, and banks within easy walking distance.

The area is rich in history and culture, being part of the ancient capital. A short trip from Saiin Station brings you to the iconic Ryoan-ji Temple, a UNESCO World Heritage site famous for its enigmatic karesansui (dry landscape) rock garden, which is considered a masterpiece of Zen art and contemplation.