Casa Grande Takahama, a 7-storey reinforced concrete apartment building with 25 family units in Takahama-machi 1-chome, Matsuyama, a 5-minute walk from Iyotetsu Takahama Station. Sold with tenants in place (owner change); 24 of 25 units occupied as of February 2026. - Price: ¥154,300,000; gross yield 11.6% at full occupancy (annual income ¥18.02 million at full occupancy, per the listing materials) - Access: 5 minutes walk from Takahama Station (Iyotetsu Takahama Line); Takahama Port (ferries to Gogoshima and Nakajima) 5 minutes walk - Building: reinforced concrete, flat roof, 7 storeys, completed March 1991; total floor area 1,570.99㎡; building confirmation and completion inspection certificates available - Units: 25 in total (3LDK × 23, 2LDK × 2); occupancy 24 units (96.0%) as of February 2026 - Land: 995.06㎡ (registered), freehold, residential land; road on two sides, main frontage a 4 m public road to the east (23 m frontage) - Zoning: urbanization promotion area, Category 1 residential zone, building coverage 60%, floor area ratio 200%; Article 22 fire-prevention district - Facilities: elevator, delivery box, air conditioning, propane gas, parking for 25 cars - Sea view, as stated in the listing materials - Conditions: the buyer must continue the existing property-management contract and gas supply contract - Handover: negotiable