Renovated Investment Apartment in Beppu's Convenient Rishiri District
This property is a renovated 3DK apartment located in the Rishiri district of Beppu City, Oita Prefecture. The building is a 5-story SRC (Steel Reinforced Concrete) structure, and this particular unit is on the 2nd floor. The apartment underwent a full renovation three years ago and is currently tenanted, presenting an excellent opportunity for an investment purchase with immediate rental income.
According to the agent's notes, this is an owner-change property in the Rishiri area. The renovation was completed three years ago, and the unit is currently occupied by a tenant. The building features city gas and has a monthly repair reserve fund of 3,200 yen, with no separate monthly management fee. The building is self-managed without a live-in superintendent. The property is conveniently located within a 22-minute walk from JR Nippo Main Line's Beppu Station and a 5-minute walk from the Kamenoi Bus "Chubu Junior High School Mae" stop. It is also approximately 333 meters from Sakai River Elementary School.
The area of Beppu is world-renowned for its vast number of hot spring sources, making it one of Japan's premier onsen destinations. A fascinating local fact is that the city utilizes the steam from its natural hot springs for a unique culinary tradition called "Jigoku Mushi" (hell steaming), where food is cooked over the volcanic vents. The closest major tourist attraction is the iconic Beppu's "Hells" (Jigoku), a collection of spectacular, uniquely colored hot spring ponds that are a major draw for visitors from around the globe.
