Heights Soleil: A Prime Investment Apartment Building in Matsudo, Chiba
Presenting Heights Soleil, a substantial investment property located in the sought-after Shin-Matsudo area of Matsudo City, Chiba Prefecture. This four-story steel-framed apartment building with a basement offers a total floor area of 702.96 sqm (approximately 212.64 tsubo) and sits on a land area of 409.19 sqm (approximately 123.77 tsubo). Built in April 1987, the property features a 3K layout across its 10 residential units and is currently generating rental income.
Critical investment details are provided in the agent's notes. The projected annual rental income at full occupancy is 6,612,000 yen, yielding an estimated return of 3.6%. It is crucial to note that this 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 maintenance expenses. The projected rent and yield are estimates based on market rates, assuming full occupancy by including rent for currently vacant units. Importantly, future rental income is not guaranteed. The property is currently tenanted, and lease agreements are to be transferred to the new owner. The listed land area of 409.19 sqm is part of a larger 819 sqm parcel, and this subdivision is based on desktop calculations, meaning the final area may vary slightly. The owner's personal use of a first-floor office, a parking space, and the residential portion on the 4th floor are not included in the stated rental income projections. A home elevator is installed for access to the owner-occupied section on the 4th floor.
The building is conveniently accessible within a 9-minute walk from three stations: Shin-Matsudo Station on the JR Musashino Line and the Joban Line (local), and Kōya Station on the Ryutetsu Nagareyama Line. The property includes one parking space with vehicle type restrictions. It is situated in a Category I Medium-to-High-Rise Residential Exclusive Zone within a urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 200%.
The Shin-Matsudo area is a well-developed residential and commercial hub with excellent multi-line rail access to central Tokyo. An interesting local fact is that Matsudo City is famously associated with the Japanese folk song "Sōran Bushi," which is celebrated annually at the Matsudo Summer Festival. For recreation and nature, residents can easily visit the expansive Matsudo Shizen En (Matsudo Nature Park), a large public park offering walking trails, sports facilities, and seasonal flower displays, providing a green oasis within the city.
