Investment Apartment Building in Funabashi, Chiba
This property is a two-story, lightweight steel-framed apartment building located in Funabashi City, Chiba Prefecture. Known as "Corps Jeunesse," it consists of 10 separate 1K (one-room with kitchen) units, all facing south for excellent sunlight. Each unit features a separate bathroom and toilet. The building sits on a land area of approximately 441.09 sqm (about 133.42 tsubo), which includes a setback of about 0.94 sqm. There is an additional private road of approximately 75.71 sqm with a shared ownership of 9/20. The total building area is 212.82 sqm (about 64.37 tsubo). The property was built in April 1985 and is currently fully tenanted.
The property is being sold with existing tenancy agreements in place, and the buyer will need to take over the lease contracts. The registered land area on the official registry is 446.28 sqm, and it is noted that the measured land area may have slight variations as it was surveyed before a joint inspection with neighboring landowners.
As an investment property, it has an assumed annual rental income of 6,432,000 yen when fully occupied, yielding an estimated return of 4.3%. Important notes regarding these figures: The yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes, public charges, and other necessary maintenance costs for the property. Furthermore, the assumed rent and yield are calculated based on market rent, adding rent for any vacant units to simulate full occupancy. It is crucial to understand that rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 13, 2026).
The location offers superb convenience. It is just a 5-minute walk from Higashi-Nakayama Station on the Keisei Main Line and an 11-minute walk from Shimosa-Nakayama Station on the JR Sobu-Chuo Local Line, providing access to two different train lines. Daily necessities are within easy reach, with supermarkets like Maruetsu located within a 10-minute walk, and convenience stores such as Lawson and FamilyMart nearby.
The area of Funabashi is a major commercial and residential hub in Chiba, known for its blend of urban convenience and access to nature. An interesting local fact is that Funabashi is home to the Funabashi City Museum, which houses artifacts from the extensive shell mounds found in the area, indicating human settlement dating back to the Jomon period. For recreation and tourism, residents and visitors can easily access Tokyo Disney Resort, a world-famous theme park complex located just a short train ride away across the border in Urayasu.
