Commercial Apartment Building Investment in Hino, Tokyo
This commercial apartment building, located in Hino City, Tokyo, presents a turnkey investment opportunity. The property is a 2-story wooden structure built in February 2018, containing a total of 12 units. It sits on a substantial land area of 394.52 sqm (approximately 119.34 tsubo), with a total building floor area of 365.18 sqm (approximately 110.46 tsubo). The property is situated within a City Planning Area designated as Urbanization Promotion Area and falls under the First Category Low-Rise Exclusive Residential Zone.
Critical investment details are provided in the agent's special notes, which have been fully translated: The estimated annual income, including common service fees, is 7,833,600 yen, yielding a surface yield of approximately 5.3%. The property is currently under a lump-sum sub-lease agreement. The sale is conducted under specific conditions: the contract includes a disclaimer of liability for non-conformities, and the property is sold 'as-is' based on the public registry.
The area offers a blend of residential calm and accessibility, being an 11-minute walk from Hino Station on the JR Chuo Main Line, providing direct access to central Tokyo. An interesting local fact is that Hino City is home to the Tama Zoological Park, one of Japan's oldest and most renowned zoos, which focuses on the conservation and breeding of rare species. The closest major landmark from the property is the historic Hino Shrine, a serene Shinto site with deep roots in the local community.