Investment Apartment Building in Sendai's Miyagino Ward
This is a four-unit apartment building located in the Iwakiri area of Sendai's Miyagino Ward, Miyagi Prefecture. The property, named "terrasse NENE," offers a turnkey investment opportunity with all units currently occupied. The building was constructed in September 2004 by Sekisui Heim, a reputable builder, and features a lightweight steel frame structure over two stories.
The property sits on a 206.67 sqm (approximately 62.51 tsubo) plot of land with a building area of 173.06 sqm (approximately 52.35 tsubo). Each of the four units is a 2K layout with a private area of 43.26 sqm. All units face southwest, ensuring excellent sunlight, and are corner rooms. The location is highly convenient, just a 3-minute walk from JR Tohoku Main Line's Iwakiri Station. The property includes parking for four vehicles and is situated on a road over 6 meters wide.
Special Notes/Remarks (Translated from Agent Notes): The yield is the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting taxes, public charges, and other expenses necessary to maintain the property. Furthermore, the estimated rent and estimated yield are calculated based on market rent, adding rent for vacant units and assuming full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of March 21, 2026). The property is currently tenanted (tenant lease agreements are to be taken over). The estimated yield is the ratio of the annual estimated rental income (including common area fees, etc.) to the sale price, before deducting taxes, public charges, and other expenses necessary to maintain the property. Also, the estimated rent for vacant units is calculated by our company based on market rent and does not guarantee the rent.
The current annual rental income is 2,904,000 yen, representing a current yield of 4.4% with all four residential units occupied and three of four parking spaces in use. The estimated annual rental income at full occupancy (including all parking) is 2,970,000 yen, for a projected yield of 4.5%. The area offers abundant convenience facilities, including supermarkets, a convenience store, a bank, a post office, and a pharmacy all within a short walk.
The Iwakiri area provides a balanced residential environment with good access to Sendai city center. An interesting local landmark is the Sendai City Tomizawa Site Museum, an archaeological park and museum built around preserved ruins from the Jomon and Heian periods, offering a unique glimpse into the region's ancient history. The property's excellent access to the JR Tohoku Main Line also provides a direct connection to major destinations throughout the Tohoku region.
