Compact Studio Apartment in Showa Ward, Nagoya

This studio apartment, located in the Mezon de Pierre 111 building on Deguchi-cho 1-chome in Showa Ward, Nagoya City, Aichi Prefecture, is a compact living space suitable for a single occupant. The unit offers a 16.82 square meter interior (measured wall-to-wall) and a 4 square meter balcony with a southern exposure for natural light. The property is situated on the first floor of a four-story reinforced concrete building constructed in May 1990. The building contains 47 units in total.

The apartment is currently tenanted, generating an estimated annual rental income of 328,800 yen, representing a projected gross yield of 13.7%. This is an owner-change property, meaning the new owner would take over the existing lease. The monthly running costs include a management fee of 4,000 yen, a repair reserve fund of 7,650 yen, and a water utility charge of 1,900 yen. A bicycle parking area is available for residents at no additional cost. The property is under a sublease management arrangement.

The location offers convenient access to public transport, being a 10-minute walk from Arahata Station on the Tsurumai Line, a 14-minute walk from Sakura-yama Station on the Sakura-dori Line, and a 15-minute walk from Gokiso Station on the Tsurumai Line. The neighborhood has various nearby amenities such as convenience stores, supermarkets, and dining options. The property is located in a Category 1 Residential Zone and has full ownership rights for the land.