Compact Investment Apartment in Central Chiba
This studio apartment, located on the 5th floor of a 5-story reinforced concrete (RC) building, presents a turnkey investment opportunity in the heart of Chiba City. The unit has undergone significant renovations, including a complete interior refresh in November 2021 with new flooring and wall coverings throughout, as well as an updated wet area featuring a new toilet, water heater, and shower unit. The property is equipped with a warm water washlet toilet seat, a dedicated shower room, and both cooling and heating systems.
The apartment offers a private balcony of 5.4 square meters with eastern exposure for natural light. Building amenities include a management fee of 6,500 yen per month and a repair reserve fund of 5,500 yen per month. The property is currently tenanted, with projected annual rental income of 492,000 yen, yielding an estimated annual return of 14.05%. The building itself, constructed in July 1973, contains 24 units and sits on a land area of 274.4 square meters.
The location in Chiba's Central Ward offers excellent urban convenience. The area is a short walk from Chiba Urban Monorail's Yagura Park Station, providing easy access to the wider metropolitan area. An interesting local fact is that Chiba City is home to Chiba Port Park, a large seaside park built on reclaimed land, offering green spaces and views of Tokyo Bay. The closest major landmark is the Chiba Port Tower, a distinctive 125-meter-high observation tower offering panoramic views of the city and Boso Peninsula.
