Affordable Investment Apartment in Chiba's Chihara Area
This property is a 2DK apartment located on the 4th floor of a 4-story reinforced concrete (RC) building in Chiba Prefecture's Ichihara City. The apartment has a private area of 35.54 sqm (approximately 10.75 tsubo) and features a Japanese-style room of 4.5 tatami mats, a Western-style room of 6 tatami mats, and a 6-tatami mat dining-kitchen (DK). The south-facing balcony measures 4.95 sqm. The building was originally a company dormitory before being converted for sale. The property is currently tenanted, with an estimated annual rental income of 480,000 yen, projecting a yield of approximately 17.22%.
Key equipment and features include a dedicated toilet, separate bath and toilet, air conditioning, city gas, water supply, sewerage, hot water supply, a free bicycle parking area, and a free motorcycle parking space. A parking space is available on the premises for 4,000 yen per month, though it is owned by the 8th Castle Corp. management association. There is no key money required. The building is self-managed by a management association, with no on-site manager. A building condition inspection can be arranged upon request, and defect insurance is available.
Special notes from the agent indicate that approximately 56 years have passed since construction, and the building outline document is not available, making the building confirmation number unknown. Owner change is possible, but the property cannot be used for office purposes. The monthly management fee is 10,000 yen, with no repair reserve fund.
The apartment is situated in the Tatumidai Higashi district of Ichihara. The area offers convenient access to nature and urban amenities. An interesting local fact is that Ichihara City is part of the Boso Peninsula, known for its mild climate and numerous citrus orchards. The closest major tourist attraction is the expansive Tokyo Disney Resort, located across Tokyo Bay in Urayasu, easily accessible by car or train, offering world-class entertainment.
