Compact Studio Apartment in Showa Ward, Nagoya

This studio apartment, located on the third floor of a four-story reinforced concrete building, offers a compact living space suitable for a single occupant. The property features a single room layout with a total floor area of 17.55 square meters, measured by wall center. A balcony of 2 square meters is included, providing some outdoor space. The main source of natural light faces east.

The building was constructed in November 1985 and has a total of 47 units. The management is handled by a company, with a system of patrol visits. Monthly expenses include a management fee of 4,500 yen and a repair reserve fund of 5,080 yen. A bicycle parking area is available for residents at no additional cost, which can be convenient for short trips. The property is currently being rented out, with an annual expected rental income of 294,000 yen, representing a gross yield of 12.78%. The property is being sold as an owner-change investment.

The location is in the Kawana Honmachi area of Showa Ward, Nagoya City, Aichi Prefecture. The nearest stations are Gokiso Station, which is a 9-minute walk away, served by both the Tsurumai Line and the Sakura-dori Line of the Nagoya City Subway. The surrounding area includes various convenience stores, supermarkets, and restaurants within walking distance.