Investment Opportunity: Well-Located 1K Apartment in Kumamoto City
This property presents a turnkey investment opportunity in a central Kumamoto location. It is a 1K apartment currently tenanted, generating a steady monthly rental income of 28,000 yen. The property is being sold as-is, with the condition that a physical inspection is mandatory prior to purchase. The transaction type is exclusive agency.
Key property features include a private floor area of 21.56 square meters (approximately 6.52 tsubo) and a balcony. The building is a 10-story reinforced steel-concrete (SRC) structure, with this unit located on the 1st floor. It was constructed in February 1991. Building management is fully outsourced with a patrol-based system. The apartment is equipped with propane gas, running water, and sewer systems.
Financial details are clearly outlined. The asking price is 1,900,000 yen. Monthly running costs include a 7,290 yen management fee and a 2,430 yen repair reserve fund. There is no dedicated parking space. Based on the annual projected rental income of 336,000 yen, the surface yield is calculated at an attractive 17.68%.
The apartment is situated in Kumamoto City's central Chuo Ward, within the Honjo 4-chome district. The area is zoned for commercial use. For transportation, Minami-Kumamoto Station on the Hohi Main Line is approximately a 12-minute walk away. The location offers excellent urban convenience. A notable nearby landmark is Kumamoto Castle, one of Japan's most famous and historically significant castles, which is a major tourist attraction and a symbol of the city's rich samurai heritage.
