Investment Apartment Building in Nerima-ku, Oizumigakuen-cho

This property is a multi-unit apartment building located in the Oizumigakuen-cho 2-chome area of Nerima-ku, Tokyo. The building is a two-story wooden structure constructed in December 2015, offering a total floor area of 123.64 square meters on a land plot of 124.41 square meters. The property consists of 12 units, each with a 1K layout and a private area of 7.08 square meters. Currently, all 12 units are occupied and generating rental income. The property is being sold as an owner-change (オーナーチェンジ) investment, meaning the existing lease agreements will be transferred to the new owner. The projected annual rental income at full occupancy is 7,764,000 yen, representing an estimated gross yield of 8%. Please note that the yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes and other property maintenance expenses. The projected rent and yield are estimates based on market rents, including rent for vacant units assuming full occupancy. Rental income is not guaranteed to be consistently obtained in the future. The property is a corner lot on the northeast side, fronting a public road approximately 25 meters wide on the north side and a public road approximately 5.4 meters wide on the east side. The land is zoned for Category 1 Residential use with a building coverage ratio of 60% and a floor area ratio of 300%. The property is a 12-minute walk from Oizumigakuen Station on the Seibu Ikebukuro/Toshima Line, providing convenient access to central Tokyo. The property is currently tenanted and the lease agreements will be taken over upon sale. The handover date is negotiable.