Investment Opportunity: Studio Kita 12 Jo 11-Unit Apartment Building in Sapporo
This is a concrete (RC) apartment building located in Higashi-ku, Sapporo, Hokkaido, offering a turnkey investment opportunity. The property, named Studio Kita 12 Jo, comprises 11 units across five floors, with a layout of three units on the first floor, three on the third floor, and five on the fifth floor. Each unit is a 1K layout, featuring a living/dining room of approximately 6 to 8 tatami mats and a kitchen of about 1.5 to 2 tatami mats.
The building was constructed in March 1991 and sits on a land area of 806.69 square meters. The total floor area is 267.27 square meters. The property is currently tenanted and is being sold as an owner-change transaction, meaning the new owner will inherit the existing rental agreements. Pets are not allowed.
Monthly management fees total 38,500 yen (3,500 yen per unit), and monthly repair reserve funds total 33,000 yen (3,000 yen per unit). The parking area is not currently in use. The land ownership is a fractional share of 26,727/127,469. Equipment includes propane gas, heating, an elevator, separate bathroom and toilet, an auto-lock entry system, and bicycle parking. The property faces two public roads: a 14-meter-wide road to the east and a 6.5-meter-wide road to the west.
The property is located a 4-minute walk from the Higashi-kuyakusho-mae Station on the Sapporo Municipal Subway Toho Line. It is situated in a Category 2 residential zone with a building coverage ratio of 60% and a floor area ratio of 200%.
