Investment Opportunity in Chiba: A Well-Located Apartment with Strong Rental Yield
This property is a concrete-reinforced (RC) apartment unit located in Chiba City, Chiba Prefecture, offering a compelling investment opportunity. The unit is currently tenanted, providing immediate rental income, and is priced at 3.7 million yen. It features a 2K layout with two Japanese-style rooms measuring 6 tatami mats and 4.5 tatami mats, within a total floor area of 35.35 square meters (approximately 10.69 tsubo). The building itself is a four-story structure, with this unit situated on the second floor, and was constructed in July 1969.
Translated agent notes provide essential details. The equipment includes city gas and a free-of-charge bicycle parking area. Special notes indicate that the property is undergoing an owner change. Several flexible usage permissions are noted: pets are negotiable (small dogs allowed, cats allowed), and the unit can be used as an office. The transaction type is exclusive intermediary. A remark clarifies that the floor plan prioritizes the actual current condition of the property.
Financially, the property presents a strong case. The current tenant pays a monthly rent of 47,000 yen, leading to an annual projected rental income of 564,000 yen and a calculated annual yield of 15.24%. Monthly management fees are 5,000 yen, with no repair reserve fund. There is no parking space included. The property is under self-management by the building's management association, which conducts periodic patrols.
The area, Chiba City's Chuo Ward, is a central and convenient part of the prefecture. An interesting local fact is that Chiba City is home to the Chiba Port Tower, an iconic 125-meter-high observation tower offering panoramic views of Tokyo Bay. The closest major landmark from this property is the Chiba Castle ruins and the adjacent Chiba City Folk Museum, a reconstructed castle tower that serves as a symbol of the city's history and a popular tourist attraction, located just a few kilometers away.
