Investment Property with Residential and Commercial Units in Sendai's Yamate District

This property is a two-story wooden building constructed in July 1983, located just a 1-minute walk from Kitayama Station on the Senzan Line. It offers a versatile layout combining a 4LDK residence with four separate 1K units and an office space, presenting a compelling investment opportunity. Currently, one of the four 1K units is occupied, generating an annual income of 960,000 yen, which translates to a surface yield of approximately 3.5%. The potential annual income at full occupancy is projected to be 2,040,000 yen, representing a surface yield of roughly 7.6%. It is important to note that this projected rental income is calculated based on current and listed rents (including common area fees) and is not guaranteed.

The property sits on a 208.09 sqm plot (approximately 62.94 tsubo) with a building area of 175.42 sqm (approximately 53.06 tsubo). The land is designated as residential land (宅地) with ownership rights, situated in a Category 1 Residential Zone within the urbanization promotion area. The building coverage ratio is 60% and the floor area ratio is 200%. The property is currently tenanted, and the handover timing is negotiable.

The surrounding area offers excellent convenience. Within a short walk, you'll find Seven-Eleven (4 min), Kikudayama Park (5 min), Viva Home Araki store (5 min), Seria Araki store (6 min), and Yamatecho Park (6 min). For daily needs, the York Benimaru Araki supermarket is an 11-minute walk. The location is also served by Sendai Municipal Aramaki Elementary School (13 min walk) and Sendai Municipal Sanjo Junior High School (9 min walk).