Investment Apartment Building in Minami-ku, Nagoya

This property is a two-story wooden apartment building located in Yobitsugi, Minami-ku, Nagoya City, Aichi Prefecture. The building comprises eight units, each with a 1K plus loft layout. The total floor area is 171.6 square meters, situated on a land area of 296.37 square meters, which includes approximately 55.22 square meters of alley-like land and accounts for a setback of about 1.59 square meters. The building was constructed in December 2017.

The property is currently tenanted, with all eight units occupied as of the survey date of May 18, 2026. The current annual rent is 5,052,000 yen, yielding a current return of approximately 6.47%. The assumed rent for full occupancy is the same amount, yielding the same rate. The yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting taxes, public dues, and other necessary maintenance costs. It is important to note that rental income is not guaranteed to be obtained reliably in the future.

The property is being sold as an owner-change transaction, meaning the existing lease agreement will be inherited by the new owner. As the property is currently occupied, interior inspections are not possible, and the floor plans may differ from the actual current condition. The delivery date is negotiable. The building is located in a designated Category 1 residential zone with a building coverage ratio of 60% and a floor area ratio of 200%. The road frontage is approximately 2.7 meters to the north on a public road. The property is conveniently located near multiple transit options, including a 4-minute walk to Sakurahommachi Station on the Nagoya Municipal Subway Sakura-dori Line, a 7-minute walk to Sakura Station on the Meitetsu Nagoya Main Line, and an 11-minute walk to Yobitsugi Station on the same line.