Compact Investment Studio Near Oita City
This studio apartment is located on the third floor of the 11-story Toyokuni Sky Mansion Oita, situated in Harashinmachi, Oita City, Oita Prefecture. The property offers a wall-to-wall floor area of 21.08 square meters, complemented by a 4.16-square-meter balcony with a southern exposure, which serves as the main light source.
The unit features a single room layout (one-room) and is constructed with steel-framed reinforced concrete (SRC). The building was completed in February 1990 and houses a total of 80 units. The property is currently under a tenant lease, presenting an ownership change (owner change) opportunity. The projected annual rental income is 204,000 yen, yielding an estimated annual return of 40.8 percent.
Monthly expenses include a management fee of 4,300 yen, a repair reserve fund of 2,630 yen, a water utility charge of 2,500 yen, and a management fee of 2,200 yen. Parking is not available. The land rights are freehold, and the property is zoned for commercial use. Equipment includes security cameras, an elevator, bicycle parking, and motorcycle parking spaces. The exterior is finished with tiles. There is no resident manager on site, and the sublease contract will be inherited. The nearest station is Takajo Station on the JR Nippo Main Line, approximately an eight-minute walk away.
