Orange House: A 20-Unit Apartment Building in Nisshin, Aichi
This property is a two-story, light steel-framed apartment building named 'Orange House'. It consists of 20 units, each with a 1K layout and a private area of 17㎡. The total building area is 395.66㎡ (approx. 119.68 tsubo) situated on a land plot of 502.67㎡ (approx. 152.05 tsubo). The building was constructed in April 1991.
The property is currently fully tenanted, with all 20 units occupied. The current annual rental income is 8,186,400 yen, yielding a current return rate of approximately 8.26%. A projected annual rental income at full occupancy is 8,239,200 yen, with a projected yield of approximately 8.32%. The yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes, public charges, and other necessary property maintenance costs. The projected rent and yield are calculated based on market rent, adding estimated rent for any vacant units to simulate full occupancy. Please note that rental income is not guaranteed to be reliably obtained in the future. (Survey date: April 6, 2026).
Important agent notes: The property is tenanted, and the tenancy agreements are to be taken over. As the units are occupied and interior confirmation is not possible, the floor plan may differ from the actual condition. Furthermore, as this is an owner-change property, internal viewings cannot be conducted. Your understanding is appreciated.
The location is in Asadahirako 3-chome, Nisshin City, Aichi Prefecture. Access is available via two train lines using bus connections: it is an 8-minute bus ride plus a 5-minute walk from Akaike Station on the Nagoya Municipal Subway Tsuramai Line and Meitetsu Toyota Line, or a 14-minute bus ride plus a 3-minute walk from Nisshin Station on the Meitetsu Toyota Line. The area is zoned as Category I Low-Rise Exclusive Residential District. Nearby amenities include Prime Tree Akaike shopping facility approximately 1,470m away, a convenience store, drugstore, home center, and electronics retailer within a short walk. The property includes 6 parking spaces, 5 of which are currently in use.
