Maison de Risse 202: A Compact Investment Apartment in Matsuyama
This property is a one-room apartment for sale located on the 2nd floor of a 5-story reinforced concrete (RC) building named Maison de Risse 202 in Matsuyama City, Ehime Prefecture. The apartment has a wall-core exclusive area of 21.84 sqm (approximately 6.6 tsubo) and features a west-facing balcony. The building was constructed in June 1990 and contains a total of 30 units. The property is currently tenanted, providing an immediate rental income stream. The annual projected rental income is 116,300 yen, with an estimated annual yield of 5.8%. The monthly management fee is 3,000 yen and the repair reserve fund is 7,650 yen.
According to the agent's notes, the property equipment includes a BS antenna terminal, CATV connection, a bicycle parking area, and a motorcycle parking space. The building management is fully outsourced with no on-site manager. The transaction is a general intermediary (一般媒介). The property is situated in a Category II Residential Zone. Important remarks specify that inquiries should be directed to the information-providing real estate company listed on the property details page, and that the floor plan prioritizes the actual current condition of the unit.
The apartment is conveniently located in the Nakamura 5-chome area of Matsuyama. It is within a 7-minute walk from Iyo-Tachibana Station on the Iyo Railway Yokogawara Line and a 4-minute walk from the Tenyamachohigashi bus stop. Matsuyama, the capital of Ehime Prefecture on Shikoku Island, is famous for its historic Dogo Onsen, one of Japan's oldest hot spring resorts. The area offers a blend of urban convenience and traditional charm. The closest major landmark is the magnificent Matsuyama Castle, a historic hilltop fortress accessible via a scenic ropeway, offering panoramic views of the city and the Seto Inland Sea.
