Investment Apartment Building in Nagoya's Nishi Ward
This reinforced concrete apartment building, constructed in January 2008, is situated in the Nishi Ward of Nagoya, Aichi Prefecture. The property comprises a total of two residential units within a six-storey structure, offering a gross floor area of 454.8 square meters. The land area is 134.84 square meters, with a building coverage ratio of 80% and a floor area ratio of 300%. The property is located in a commercial neighborhood zone and is designated as urbanized area.
The building features a layout of 1LDK per unit, with individual unit sizes ranging from 86.86 square meters to 154.75 square meters. The building's total floor area includes a garage space of 88.66 square meters. The property has road frontage on two sides: approximately 15.8 meters to the north and approximately 14.9 meters to the west, both on public roads.
The property is currently tenanted, with the existing lease agreements to be transferred to the new owner. The current annual rental income is 4,824,000 yen, yielding a current return of 2.6%. The estimated annual rental income at full occupancy is 9,624,000 yen, with a projected yield of 5.2%. 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 maintenance costs. The estimated rent and yield are based on market rental rates and assume full occupancy, including rent for vacant units. Rental income is not guaranteed to be consistently received in the future.
The property is accessible via multiple train lines, being an 8-minute walk from Marunouchi Station on both the Tsurumai and Sakura-dori Lines, and a 9-minute walk from Asa-machi Station on the Tsurumai Line. The surrounding area is a commercial neighborhood, providing convenient access to local amenities.
