Investment Apartment Building in Kamiyagari, Sendai
This property is a multi-unit apartment building located at Kamiyagari 1-chome, Izumi-ku, Sendai City, Miyagi Prefecture. The building is a two-story lightweight steel frame structure constructed in July 1985. It contains a total of 8 residential units, each with a layout of 1K and a dedicated area of 23.18 square meters. The total building floor area is 188.42 square meters, situated on a land plot of 281 square meters.
The property is currently tenanted, with 6 out of 8 units occupied. The projected annual rental income when fully occupied is 3,156,000 yen, yielding an estimated return of 7.9%. The current annual rental income is 2,772,000 yen, with a current yield of 6.94%. The asking price is 39,900,000 yen.
Important notes regarding the yield are provided by the agent. The yield is calculated as the ratio of the annual rental income (including common area fees) to the sale price, before deducting property taxes, public dues, and other necessary maintenance costs. The estimated rent and yield for vacant units are based on market rent surveys and do not constitute a guarantee of rental income. The lease agreements for the current tenants are to be inherited by the new owner.
The building is located a 7-minute walk from the Yachiyo Station on the Sendai Subway Namboku Line. Nearby amenities include a park, a home improvement center, a supermarket, a 100-yen store, a sporting goods store, a convenience store, a drugstore, a post office, and a bank, all within a short walking distance.
