Investment Apartment Building in Sendai's Miyagino Ward

This multi-unit apartment building, constructed in April 1988, is located at 1-chome Odawara in Miyagino Ward, Sendai City, Miyagi Prefecture. The reinforced concrete structure rises six stories and offers a total floor area of 1661.2 square meters on a land area of 835.35 square meters. An additional private road area of approximately 132.95 square meters exists, with a shared ownership fraction of 1/10.

The property comprises a total of 39 residential units and one office space. The unit breakdown includes 27 one-bedroom apartments (1K), 5 single-room units (1R), 1 one-bedroom with dining-kitchen (1DK), 3 one-bedroom with living-dining-kitchen (1LDK), 1 two-bedroom with dining-kitchen (2DK), 2 four-bedroom with living-dining-kitchen (4LDK), and one office. Individual unit sizes range from 22.2 square meters to 143.5 square meters.

The building is currently tenanted. The estimated annual rental income at full occupancy is 27,837,828 yen, representing a projected yield of 6.9%. Please note that the yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting taxes and other costs necessary to maintain the property. The estimated rent and yield are based on market rents and assume full occupancy. There is no guarantee that rental income will be consistently obtained in the future.

The property is situated within a 13-minute walk from Sendai Station on the Tohoku Main Line and Miyaginodori Station on the Sendai Subway Tozai Line, and an 18-minute walk from Tsutsujigaoka Station on the Senseki Line, offering convenient access to multiple railway lines. The land has ownership rights, is designated as residential land, and falls under a Category 2 Residential Zone with a building coverage ratio of 60% and a floor area ratio of 200%. The delivery date is negotiable.