Mon Par Fujimori: A Turnkey Investment Apartment Building in Nagoya
Presenting Mon Par Fujimori, a well-established apartment building offering a turnkey investment opportunity in Nagoya's Fujimori 2-chome, Meito Ward. This three-story, reinforced concrete structure, built in December 1991, comprises six 3LDK units across a total floor area of 459.93 sqm (approx. 139.12 tsubo) on a generous 575 sqm (approx. 173.93 tsubo) corner plot. The property is strategically positioned within an 8-minute walk from Hongo Station and 12-13 minutes from Kamishidori and Fujigaoka Stations on the Nagoya Municipal Subway Higashiyama Line, ensuring excellent connectivity.
The building is fully occupied, generating a current annual rental income of 8,463,600 yen, which translates to a yield of approximately 4.34%. Critical agent notes provide essential context: The stated yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes, public charges, and other necessary maintenance expenses. The assumed rent and yield are calculated based on market rates, adding estimated rent for any vacant units to project a fully occupied scenario. It is crucial to note that rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 12, 2026). Furthermore, the property is currently tenanted (tenant contracts require assumption by the new owner). As the floor plan could not be confirmed due to occupancy, there may be discrepancies with the actual condition. As this is an owner-change property, interior viewings cannot be conducted.
The location offers daily convenience with a supermarket within a 10-minute walk. The area is part of Nagoya's well-planned suburban wards, known for their residential tranquility. A notable nearby landmark is the expansive Fujigaoka area, a major suburban hub with extensive shopping and dining options, showcasing the growth of Nagoya's eastern suburbs. For recreation and nature, residents have easy access to the scenic Higashiyama Sky Tower and the expansive Higashiyama Zoo and Botanical Gardens, one of Asia's largest combined zoo and botanical gardens, offering a fantastic day out for all ages.
