Investment Opportunity: Two-Building Apartment Complex in Asahikawa, Hokkaido
This listing presents a compelling investment property: two separate apartment buildings located in Asahikawa, Hokkaido. Constructed in January 2017, the complex is a modern, all-electric development featuring a total of eight units. The property is currently fully occupied, generating a stable annual income of 5,496,000 yen, which translates to an attractive gross yield of approximately 9.1%. The buildings are wood-constructed, two-storey structures with a total floor area of 178.62 sqm (approx. 54.03 tsubo), situated on a generous land plot of 437.67 sqm (approx. 132.39 tsubo).
Critical agent notes have been translated to provide full transparency. The equipment and facilities include heating, hot water supply, private toilets, separate bath and toilet rooms, and storage space. Special notes on road access detail that the property fronts a 6-meter wide public road on its northwest side, with a frontage of 21.8 meters, and does not require a designated location permit. Further remarks specify the layout as 1LDK units, with four apartments in each of the two buildings. The property is all-electric, and parking is available for tenants at no additional cost.
The property is situated in the Nagayama area of Asahikawa, a major city in central Hokkaido known for its vibrant winter festivals and as a gateway to the Daisetsuzan National Park, Japan's largest national park. The area offers a blend of urban convenience and access to Hokkaido's renowned natural landscapes. A notable local landmark is the Asahiyama Zoo, one of Japan's most popular and innovative zoos, famous for its penguin parade and immersive animal enclosures, drawing visitors from across the country.