Investment Property: Lumiere Makuhari, a Multi-Unit Building in Chiba City
This property, named Lumiere Makuhari, is a multi-unit apartment building located in the Makuhari Hongo area of Chiba City, Chiba Prefecture. It is a steel-framed, three-story structure built in March 1997, comprising a total of 14 residential units. Each unit is a 1DK layout with a dedicated area of approximately 29.7 square meters. The total building floor area is 419.44 square meters, situated on a land plot of 277 square meters, which is approximately 83.79 tsubo. The land is zoned as a Category 1 Medium-to-High-Rise Residential District under city planning.
The property is currently tenanted, with all 14 units occupied as of the survey date. The transaction requires the continuation of existing lease agreements. The estimated annual rental income, assuming full occupancy, is 10,344,000 yen, which translates to a projected yield of approximately 6%. It is important to note that this yield is calculated based on the gross rental income including common area fees, before deducting property taxes, maintenance costs, and other necessary expenses. Furthermore, this rental income projection is not a guarantee of future earnings.
The building features a well-proportioned, rectangular plot with a frontage of approximately 18.3 meters and a width of the adjacent public road of about 6 meters. Each unit is equipped with a separate bathroom and toilet, an independent vanity sink, and an in-unit washing machine space. The property is conveniently located within an 11-minute walk from both JR Sobu Line's Makuhari Hongo Station and the Keisei Chiba Line's Keisei Makuhari Hongo Station, providing access to two railway lines.
