Compact Investment Apartment in Toyohashi, Aichi
This property is a compact 1K apartment for sale, located on the 4th floor of an 11-story SRC (steel-reinforced concrete) building constructed in June 1991. The unit has a private balcony of 3.78 square meters with a southern exposure. The building is managed under a fully delegated system without a resident manager.
Key equipment and special notes include that the water and hot water supply operate on a prepaid payment system. The monthly running costs are detailed as follows: a management fee of 6,660 yen and a repair reserve fund of 6,060 yen. The annual property tax is 24,081 yen, bringing the total annual cost to 176,721 yen. The property is currently tenanted, with an estimated annual rental income of 396,000 yen, resulting in a projected yield of 25.06%. An owner change is planned for the year.
The apartment is situated in Toyohashi City, Aichi Prefecture, offering convenient access to public transport. It is approximately a 7-minute walk from Satsuki Station on the Toyohashi Railway Higashiida Main Line, a 13-minute walk from Toyohashi Station on the Meitetsu Nagoya Main Line, and an 8-minute walk from Shiyakushomae Station on the Toyohashi Railway Higashiida Main Line. The local neighborhood includes amenities such as a FamilyMart convenience store (244m away), the Toyohashi City Hall (646m away), and shopping facilities like Sanyone Uomachi Main Store (526m away) and Carumia (960m away).
