Eminence Otai II: A Prime Investment Apartment Building in Nagoya
Presenting Eminence Otai II, a well-established apartment building located in the Otai 1-chome area of Nishi Ward, Nagoya City, Aichi Prefecture. This investment property offers a compelling opportunity with its current occupancy and strong rental yield projections. The building, constructed in August 2008, is a two-story wooden structure containing six 1LDK units, each with a uniform floor area of approximately 40.65 square meters. The total building area is 269.67 square meters (approx. 81.57 tsubo) situated on a land plot of 318.94 square meters (approx. 96.47 tsubo), which includes a setback of about 9.8 square meters.
Critical investment details are provided in the agent's notes. The yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting taxes, public charges, and other necessary maintenance expenses. The assumed rent and assumed yield are calculated based on market rent, adding estimated rent for the vacant unit to simulate full occupancy. It is important to note that rental income is not guaranteed to be reliably obtained in the future. (Survey date: February 21, 2026). Furthermore, the property is currently tenanted, and the existing lease agreements are to be transferred to the new owner. As the units are occupied, the floor plan cannot be confirmed on-site, meaning the actual condition may differ. As this is an owner-change property, interior viewings cannot be arranged.
The property boasts excellent accessibility, being just a 5-minute walk from the Meitetsu Inuyama Line's Nakakotai Station and a 15-minute walk from the Nagoya Municipal Subway Tsurumai Line's Shonai Ryokuchi Koen Station. Current financials show an annual rental income of 4,586,400 yen from five occupied units, yielding approximately 7.4%. With full occupancy, the projected annual rent rises to 5,154,000 yen, offering a potential yield of around 8.3%. The property also includes parking for six vehicles, with four currently in use.
The surrounding Nishi Ward area provides convenient daily living with a supermarket, pharmacy, and park all within a short walking distance. For a notable local attraction, residents and visitors can easily access the expansive Shonai Ryokuchi Park, a large green space perfect for recreation and relaxation, located near the subway station of the same name.
