Investment Apartment Building in Sendai's Aoba Ward
This property is a wooden two-story apartment building constructed in January 2019, located in the Komainohama 3-chome area of Aoba Ward, Sendai City, Miyagi Prefecture. The building has a total floor area of 288.58 square meters on a land area of 272.51 square meters, with an additional private road area of approximately 298.71 square meters (shared ownership portion of 7/90). The property is currently tenanted and sold as an owner-change transaction, requiring the succession of existing lease agreements.
The building comprises a total of 9 residential units, including 4 units with a 1K layout and 5 units with a 1LDK layout. Individual unit sizes range from 29.84 square meters to 40.43 square meters. The property features double-glazed windows and a TV monitor intercom system. It has obtained the Design Housing Performance Evaluation Certificate. The site is a regular shaped plot with a building coverage ratio of 60% and a floor area ratio of 200%, though the floor area ratio is restricted by the width of the front road. The land is zoned as a Category 2 medium-to-high-rise residential exclusive district within an urbanization promotion area.
The property is located approximately a 10-minute walk from Toshogu Station on the JR Senzan Line. It is also about a 3-minute walk from the Tohoku Medical and Pharmaceutical University Komainohama Campus. The current annual rental income is 6,240,000 yen, representing a current yield of 6.2%. The estimated annual rental income assuming full occupancy is also 6,240,000 yen, with an estimated yield of 6.2%. Please note that the yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting property taxes and other maintenance costs. The estimated rent and yield are calculated based on market rent levels, assuming full occupancy including rent for vacant units. Rental income is not guaranteed to be reliably obtained in the future. There is no parking available. A neighborhood association fee of 100 yen per month applies.
