Haitsushinē II: An Investment Apartment Building in Ichikawa, Chiba
This property is an eight-unit apartment building named Haitsushinē II, located in the Oshikiri area of Ichikawa City, Chiba Prefecture. The building, constructed in November 1984, is a two-story wooden structure with a total floor area of 256.7 sqm (approximately 77.65 tsubo) situated on a land plot of 239.27 sqm (approx. 72.37 tsubo, including a setback of about 2.7 sqm). The layout consists of eight separate 2K (two rooms plus kitchen) units, each with a private area ranging from 31 to 32.29 sqm. The property is currently fully tenanted, and the purchase requires the assumption of the existing lease agreements.
Critical agent notes provide essential financial and practical details. The property has an assumed annual rental income of 5,064,000 yen when fully occupied, leading to a projected yield of 5.7%. It is crucial to note that this yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes, public levies, and other necessary maintenance costs. Furthermore, the assumed rent and yield are calculated based on market rents, adding estimated rent for any vacant units to project a fully occupied scenario. Importantly, rental income is not guaranteed to be reliably obtained in the future. (Survey date: February 27, 2026). An additional remark states that the main sewer line is not yet connected. Separate costs will be incurred for connection when required.
The location offers excellent access, being a 9-minute walk from Gyotoku Station and an 18-minute walk from Myoden Station, both on the Tokyo Metro Tozai Line, providing a direct route into central Tokyo. The walk to the stations is flat and easy. The area is designated as a Category I Medium-to-High-Rise Residential Exclusive District within the urbanization promotion area. The property enjoys ownership rights over the land.
The Ichikawa area is part of the greater Tokyo Bay region and is known for its extensive network of canals, a legacy of its historical role in salt production. A major nearby landmark is the iconic Tokyo Disney Resort, located just across the bay in Urayasu, Chiba, which is easily accessible via the train lines serving this property and is a world-renowned tourist destination.
