Investment Opportunity in a Quiet Residential Area of Kashihara, Nara
This is a sale listing for a 3LDK condominium unit within an 8-story reinforced concrete (RC) building, built in December 1987. The property is currently tenanted, generating a steady monthly rental income of 65,000 yen, which translates to an attractive gross annual yield of approximately 7.95%. The unit is located on the 2nd floor and offers a private, exclusive floor area of 56.25 sqm (approximately 17.01 tsubo). Monthly common charges are 8,010 yen, with a separate repair reserve fund of 11,580 yen.
Translated agent notes on equipment and features detail a well-equipped living environment. The unit includes storage space, closets, a laundry machine area, lighting fixtures, city gas, hot water supply, an elevator, a parcel delivery box, a bicycle parking area (monthly fee of 200 yen), and a motorcycle parking area (monthly fee of 400 yen). Special notes highlight that the property is situated in a quiet residential neighborhood with no building directly in front, ensuring good light and privacy. A key remark states the property will be transferred in its current tenanted state, and the agent disclaims responsibility for any non-conformities in the existing lease contract.
The location offers excellent convenience, being just an 8-minute walk from Kintetsu Osaka Line's Yamato-Yagi Station. The area is well-served by supermarkets, convenience stores, and other daily amenities, enhancing its livability and investment appeal. The building itself is part of a larger 47-unit complex with full委托 management and an active management association.
The surrounding area of Kashihara is rich in history as the site of Japan's first permanent capital, Fujiwara-kyo, established in the late 7th century. A major landmark nearby is the Kashihara Jingu, a grand Shinto shrine built in 1890 on the site traditionally believed to be the palace of Japan's first emperor, Emperor Jimmu. This shrine is a significant cultural and tourist attraction, drawing visitors to its serene forested grounds and impressive architecture.
