Investment Opportunity in Toride, Ibaraki: A Well-Maintained 3LDK Apartment
This listing presents a solid investment opportunity in the form of a 3LDK apartment located on the 9th floor of an 11-story building in Toride, Ibaraki. The property is currently tenanted, offering immediate rental income. The asking price is 5.8 million JPY, with a projected annual rental yield of 11.79% based on a gross annual income of 684,000 JPY. A more detailed calculation factoring in monthly management fees and repair reserve fund contributions (totaling 17,900 JPY) results in a net annual income of 469,200 JPY, translating to an effective yield of 8.09%.
Translated agent notes provide essential details. The property is undergoing an owner change and is being sold as an investment while currently rented. The monthly rent is 57,000 JPY. Pets are negotiable, with small dogs and cats permitted. The building itself is a sturdy SRC (steel-reinforced concrete) structure built in November 1981 by the major developer Haseko Corporation. It comprises 340 units and features full-time, on-site management through a management union. Building amenities include an elevator and a designated washing machine space in the unit. Utilities are supplied by city gas, and hot water is available. The property comes with defect liability insurance and a performance evaluation. The land is zoned for industrial use and is covered under the Land and Building Transaction Law.
The apartment's interior is a comfortable 66 sqm (approximately 19.96 tsubo) with a 3LDK layout consisting of three Japanese-style rooms (7.1-jo, 6-jo, and 5.4-jo) and a combined living-dining-kitchen area of 11.4-jo. A south-facing balcony of 6.78 sqm provides pleasant natural light. Monthly fees include 6,200 JPY for management and 11,700 JPY for the repair reserve fund. Parking is available nearby for 3,000 JPY per month.
The location in the Miyawada area of Toride City is highly convenient for daily life. The property is just a 6-minute walk from Fujishiro Station on the Joban Line, providing direct access to central Tokyo. The immediate neighborhood is well-serviced, with a budget supermarket, Taiyo, right next door, and several other shopping options, a convenience store, and a post office all within a short walking distance. An interesting fact about the area is that Toride City is part of the Joso region of Ibaraki, known for its vast and fertile plains that produce significant agricultural yields, including lotus root and pears. The closest major landmark is the historic Katori Shrine in neighboring Chiba Prefecture, one of the oldest Shinto shrines in Japan, which is approximately a 30-minute drive away.
