Newly Built Wooden Apartment Building Steps from Karasumori Station
This newly constructed wooden apartment building, scheduled for completion in March 2026, presents a prime investment opportunity in Nagoya's Nakamura Ward. The property comprises nine 1K units, each approximately 26.09 square meters, with a total building area of 272.68 square meters (approx. 82.48 tsubo) on a 132 square meter land plot. Its most significant advantage is the exceptional location, just a one-minute walk from the Kintetsu Nagoya Line's Karasumori Station, ensuring high demand from single tenants.
The building is designed with modern conveniences for single occupants, including an auto-lock security system, parcel delivery boxes, washlet toilets, and baths with re-heating functions. It fronts two roads, with a 22.8-meter-wide public road to the southeast and a 3.6-meter-wide road to the northwest. The property is in a Neighborhood Commercial Zone within the urbanization promotion area, with a building-to-land ratio of 80% and a floor area ratio of 300%.
Critical Agent Notes (Translated): The yield is the ratio of the annual rental income (including common area fees, etc.) to the sales price, and is calculated before deducting public charges and other expenses necessary to maintain the property. Furthermore, the assumed rent and assumed yield are calculated based on the prevailing rent market, adding rent for vacant units to assume full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 2, 2026). The exclusive area of each residential unit is an approximate representation calculated from the design drawings as the wall-center area.
The area around Nakamura Ward is a bustling commercial and residential hub of Nagoya. An interesting local fact is that the ward is home to the Nagoya Station area, one of the world's largest train stations by floor area. The closest major tourist attraction is the historic Nagoya Castle, a magnificent reconstruction of the original 17th-century castle featuring golden shachihoko (dolphin-like roof ornaments) and beautiful gardens, located just a few kilometers away.