Income-Generating Apartment Building in Kochi City
This is a prime investment opportunity: a whole-building apartment complex for sale in Kochi City, Kochi Prefecture. The property is a 11-story, steel-framed reinforced concrete (SRC) building located just a 2-minute walk from Takamatsuchō Station on the Tosaden Kōtsū Gomen Line, and a 3-minute walk from Chiyorichō Itchōme Station. The building has a total floor area of 3,247.41 square meters on a land area of 884.71 square meters.
The property offers significant income potential. The annual gross rental yield is projected at 8.97%, with an estimated annual rent of 38,420,000 yen when fully occupied. The owner has purchased all units of this condominium and currently rents out 43 of the total 47 units (as of January 2026). Current income as of January 2026 is 2,838,360 yen per month, totaling 34,060,320 yen annually. The projected annual rental income includes parking fees.
Key facilities include separate bath and toilet, an auto-lock system, an elevator, and a shower. The main light exposure is south-facing. The building underwent several renovations: in December 2022, the water supply and drainage pipes were updated by removing the first-floor water tank and increasing pressure to supply the rooftop tank; in January 2012, the exterior wall tiles were inspected; and in January 2021, the elevator was renewed. Parking is available for 12,600 yen per month. There is free motorcycle and bicycle parking. The property is located in a commercial zone with a building coverage ratio of 80% and a floor area ratio of 400%. The land is flat and the property is currently being rented out. The transfer date is negotiable.
