Modern 3LDK Apartment in Kusatsu, Shiga with Strong Rental Income
This property is a modern 3LDK apartment located in Kusatsu City, Shiga Prefecture. Built in January 2022, it is a well-maintained unit on the 4th floor of a 7-story steel-framed building. The apartment offers a spacious wall-core area of 75.32 sqm (approximately 22.78 tsubo) and includes a 9.3 sqm balcony.
Key features and equipment, as detailed in the agent notes, include a separate bath and toilet, a dedicated washroom, city gas, and running water. The building complex offers a bicycle parking area and a motorcycle parking space available for a monthly fee of 400 yen. The property also comes with a parking space for 6,000 yen per month. Additional monthly costs include a 400 yen neighborhood association fee. The apartment is pet-friendly, with small dogs and cats allowed, subject to consultation.
This unit presents a compelling investment opportunity, as it has been under a continuous rental contract since 2004 (Heisei 16), ensuring stable occupancy. The annual projected rental income is 910,000 yen, yielding an estimated annual return of 8.27%. The property is currently tenanted, and the handover timing is negotiable. The sale price is set at 11,000,000 yen, with monthly management fees of 6,800 yen and a repair reserve fund contribution of 12,350 yen. There is no key money or security deposit required. The building has a full-time, day-shift manager and a management association.
