Investment Building in Sendai's Izumi Ward
This reinforced concrete building, constructed in June 1984, offers a substantial investment opportunity in the Nankodai Minami area of Izumi Ward, Sendai City, Miyagi Prefecture. The structure comprises four floors above ground and one basement level, with a total floor area of 1457.97 square meters on a land plot of 1045.91 square meters.
The property features a layout of 2SDK (with the service space designated as a storage room) and is currently tenanted. Of the total 13 units (including both residential and commercial spaces), 11 are currently occupied. The current annual rental income stands at 22,704,000 yen, yielding a current return of 7.1%. When fully occupied, the estimated annual rental income is 24,756,000 yen, providing an estimated yield of 7.9%.
Please note that the yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting public taxes and other expenses necessary for maintaining the property. The estimated rent and yield are calculated based on market rent levels and assume full occupancy. Rental income is not guaranteed to be obtained reliably in the future.
The first floor contains a tenant. The management company for the property is Hot House, and the contract will be inherited. As a condition of the sale, the seller will enter into a sign usage contract (5 years) paying an annual fee of 600,000 yen. The seller currently leases 21 monthly parking spaces nearby (annual payment of 2,772,000 yen).
The property is located a 25-minute walk or 6-minute bus ride from Asahigaoka Station on the Sendai Municipal Subway Namboku Line, and a 3-minute walk from the Nankodai Minami Sanchome Kita bus stop. It is situated on a corner lot with road frontage of approximately 11.8 meters to the northeast, 4.8 meters to the southwest, and 4.7 meters to the northwest. The land is zoned as Category 1 Medium-to-High-Rise Residential District with a building coverage ratio of 60% and a floor area ratio of 200%.
