Progress Kogo: A Turnkey Investment Apartment Building in Hiroshima
This property is a four-story reinforced concrete apartment building named 'Progress Kogo', located in Kogo Minami 1-chome, Nishi Ward, Hiroshima City, Hiroshima Prefecture. The building offers a total floor area of 380.16 sqm (approximately 114.99 tsubo) on a land area of 211.33 sqm (approximately 63.92 tsubo). It was constructed in November 2002.
The property is currently tenanted and is being sold as an owner-change opportunity. The building features nine units in total. At the time of the survey (March 16, 2026), eight units are tenanted and one unit on the fourth floor is owner-occupied. The transfer of existing lease agreements is required upon purchase. Building amenities include an auto-lock system, tiled exterior walls, and a flat parking area with space for two vehicles.
Special Notes/Remarks (Translated): The yield is the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the estimated rent and estimated yield are calculated based on market rent, adding rent for vacant units to assume full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: as of March 16, 2026).
Additional Special Notes/Remarks (Translated): Currently tenanted (lease agreement transfer required). The estimated yield is the ratio of the annual estimated rental income (12 months of current rent and listed rent, including common area fees, etc.) to the sale price, before deducting public charges and other expenses necessary to maintain the property. It does not guarantee the rent. Of the 9 rooms in the building, 8 are tenanted and 1 is owner-occupied (lease agreement transfer required).
The property is situated in a convenient residential area. Access is provided via a 12-minute walk from Furuie Station on the Hiroshima Electric Railway Miyajima Line. Daily amenities are close by, with supermarkets such as Fuji Kogo and Manzo Kogo both within a 4-minute walk. The neighborhood also offers parks, clinics, and convenience stores within easy walking distance.
