Compact Investment Apartment in Sapporo with Guaranteed Rental Income
This property is a compact 1K apartment located on the 6th floor of a 7-story reinforced concrete (RC) building in Kita-ku, Sapporo. The unit has a private area of 18.38 sqm (approximately 5.55 tsubo) with a layout consisting of one 8-tatami mat Western-style room and a 2-tatami mat kitchen area. The main source of natural light is from the west-facing side. The building is equipped with an auto-lock security system, surveillance cameras, and an elevator.
Key financial details include an asking price of 2.1 million JPY. The monthly common fees are 5,500 JPY for management and 6,520 JPY for the repair reserve fund. Critically, the property is currently under a sub-lease contract with Apaman Property Co., Ltd. As part of this arrangement, the management fees and water charges are covered by the sub-lease company. The balcony area is unspecified. The property is tenanted, and the estimated annual rental income is 252,000 JPY, projecting a gross yield of 12%. An owner change is scheduled for the coming year.
The building itself was constructed in December 1988 and contains 145 units. Management is fully outsourced with a巡回 (rotating/patrol) superintendent system. The property comes with defect insurance and a performance evaluation. The land is designated for neighborhood commercial use.
