Investment Apartment Building in Ichikawa, Chiba
This property is a wooden two-story apartment building located at 1-chome Wakamiya, Ichikawa City, Chiba Prefecture. The building comprises a total of 8 units, each with a 1K layout plus a loft. The building is currently tenanted, with all 8 units occupied. The property is being sold as an owner-change investment, with the existing lease agreements to be taken over by the new owner.
The building has a total floor area of 119.88 square meters and sits on a land area of 124.18 square meters. It was constructed in April 1987. The land is zoned as Category 1 residential district, with a building coverage ratio of 60% and a floor area ratio of 200%. The property is on a corner plot and faces a public road of approximately 6 meters to the north. The land rights are freehold.
The property is located a 12-minute walk from Keisei Electric Railway's Higashi-Nakayama Station, which is a rapid stop, and an 18-minute walk from JR Sobu/Chuo Slow Line's Shimo-Nakayama Station. The area is a quiet residential neighborhood. The property is within a landslide special warning area and is subject to cliff-related regulations.
The estimated annual rental income at full occupancy is 3,984,000 yen, yielding an estimated return of 7.5%. Please note that this yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting fixed property taxes and other necessary maintenance costs. The estimated rent and yield are calculated based on market rents for the area, assuming full occupancy. Rental income is not guaranteed to be obtained in the future. (Survey date: May 25, 2026)
