Casa Nishioka: A Well-Maintained Investment Apartment Building in Sapporo
This property, Casa Nishioka, is an eight-unit apartment building located in the quiet, low-rise residential zone of Toyohira Ward, Sapporo. Built in August 1995 (Heisei 7), this two-story wooden structure presents a solid investment opportunity with full occupancy and recent exterior renovations completed in 2024. Each of the eight 1LDK units is equipped with air conditioning and a warm-water washlet toilet, and the building benefits from JCOM cable service.
The property boasts a substantial land size of 506.65 sqm (approximately 153.26 tsubo) and a total building area of 282.24 sqm (approx. 85.37 tsubo). It is situated on a corner lot with frontage on two municipal roads, one approximately 8.0 meters wide and the other varying between 9.0 to 10.0 meters. On-site amenities include parking spaces and a trunk room for tenant use. Heating is provided by kerosene and hot water by individual propane gas systems.
As an income-generating asset, the current annual rental income is 4,200,000 yen, yielding a current surface return of approximately 8.0%. A projected full-occupancy annual rent is estimated at 4,296,000 yen, with a projected surface yield of about 8.2%. A critical note from the agent clarifies these figures: "The yield is the ratio of annual rental income (including common service fees, etc.) to the sales price, before deducting public taxes and other expenses necessary to maintain the property. Furthermore, the estimated rent and estimated yield are calculated based on market rent, adding rent for vacant units and assuming full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of February 5, 2026)."
The area offers convenient daily living with a supermarket, convenience stores, a bank, and a post office all within a short walk. For transportation, the nearest bus stop, "Nishioka 3-jo 9-chome," is a 4-minute walk away, providing bus connections to three subway stations: Subway Namboku Line's Sumikawa Station (11 minutes by bus), Subway Toho Line's Tsukisamu Chuo Station (16 minutes by bus), and Subway Namboku Line's Hiragishi Station (18 minutes by bus). A notable nearby landmark is the iconic Mount Moiwa, a popular tourist destination offering spectacular night views of Sapporo from its summit, accessible via a charming cable car or hiking trails.
