Investment Opportunity in Sapporo's Chuo Ward
This property is a studio apartment (one room) located on the third floor of a seven-story reinforced concrete building in Sapporo's Chuo Ward. The unit has a floor area of 21 square meters and a balcony measuring 4.02 square meters. It was constructed in October 1981.
The apartment is currently tenanted, generating a monthly rent of 36,000 yen since March 2022, which provides a gross yield of approximately 10.04% based on the annual rental income of 432,000 yen. Annual expenses including management fees, repair reserve funds, and fixed property taxes total about 122,600 yen. There is no designated property management company, allowing owners to choose their preferred management approach, and the listing agent can also provide support services.
Renovation work was completed in January 2020, which included replacing the kitchen and carpet, and installing a wall bed, cabinetry, and lighting fixtures. The kitchen is equipped with a city gas stove, offering economical cooking. The room faces west, ensuring bright afternoon sunlight. Built-in furniture helps keep the living space tidy.
The building features an auto-lock entrance for security, an elevator, and a clean garbage station. It is situated on a corner lot with a wide front road, providing an open feel. The ground floor houses a convenience store (Lawson), a pharmacy, a cleaning shop, and a cafe, adding to daily convenience. The property is located in the Odori Nishi area of Chuo Ward, Sapporo, Hokkaido.
The land rights are freehold, and the property is zoned for commercial use. The apartment is within a two-minute walk of Nishi-Juhachichome Station on the Tozai Subway Line, providing easy access to central Sapporo.
