Tokan Oe Castel: A Well-Maintained Investment Apartment in Kumamoto
This property is a 1K apartment located in the Tokan Oe Castel building in Kumamoto City's central Oe 1-chome district. The apartment is currently tenanted, providing an immediate rental income stream. The building itself is a 9-story reinforced concrete (RC) structure built in June 1991 by Goyo Construction Corporation, containing 69 units in total.
The apartment's key features include a compact yet functional layout with a Western-style room. The exclusive area is 22.82 sqm (approximately 6.9 tsubo) with an additional 4.4 sqm northeast-facing balcony. The building offers excellent facilities including city gas, hot water supply, an indoor space for a washing machine, elevator access, an auto-lock security system, a video monitor intercom, flooring in all rooms, a shoe box, and an on-site garbage disposal area. Special notes indicate that pets are not permitted and the unit is a corner room.
Critical agent notes have been translated: The annual fixed asset tax for the Reiwa 7 fiscal year is 28,602 yen. The unit is currently tenanted with a monthly rent of 27,000 yen. Importantly, the existing building lease agreement must be taken over by the new owner. The property is presented as an investment opportunity with a stated annual yield of 27% and projected annual income of 324,000 yen.
