Maison de Confort No. 106: A Turnkey Investment in Nagoya

This one-room apartment, located on the first floor of a five-story reinforced concrete building, presents a compelling investment opportunity in Nagoya's Meito Ward. The property is currently tenanted, and viewings can be arranged by appointment. The unit features a south-facing orientation, ensuring excellent sunlight, and includes a balcony, though its exact area is unspecified.

Critical financial details from the agent's notes reveal a well-documented income stream. The monthly rent is 28,125 yen, generating an annual rental income of 337,500 yen and a gross yield of approximately 15.13%. The net monthly income is 13,385 yen, calculated after deducting the management fee (5,000 yen), repair reserve fund (7,740 yen), and the basic water charge (2,000 yen). This results in a net annual income of 160,620 yen and a net yield of about 7.2% (as of October 2025). A significant benefit for the owner is that the basic water charge (approximately 2,000 yen) is covered by the owner even during vacant periods.

The apartment is situated in a convenient and quiet residential neighborhood. Daily necessities are within easy reach, with a drugstore and convenience store located within a 10-minute walk. The area is well-served by public transport, with access to the Nagoya Municipal Subway Higashiyama Line and local bus routes. An interesting local landmark is the Peace Aichi War and Peace Museum, a facility dedicated to preserving the history and promoting peace, located within the ward. The property offers a low-maintenance investment with clear financials in a stable and accessible part of Nagoya.