An investment opportunity for a newly built, 5-story reinforced concrete apartment building in Otaru, Hokkaido, Japan, located a 4-minute walk from JR Otaru Station.

Key details:

• Property Type: 1-棟売マンション (whole apartment building for sale)
• Location: Otaru City, Inaho 3-chome, 7-14
• Access: 4-minute walk from JR Otaru Station on the JR Hakodate Main Line
• Price: 180,000,000 JPY (tax included)
• Units: 19 units of 1LDK apartments
• Completion Date: January 13, 2015
• Current Status: 1 vacant unit as of February 4, 2025. Currently under sublease, with the indicated yield becoming effective after the sublease contract is terminated.
• Land Area: 255.40 m² (77.25 tsubo)
• Total Floor Area: 777.27 m² (235.12 tsubo)
• Yield: 7.09% (at full occupancy)
• Annual Rental Income (at full occupancy): 12,775,200 JPY
• Parking: 3 spaces (vehicle type dependent)
• Facilities: Elevator, balcony, auto-lock, delivery boxes.
• Zoning: Commercial area, building coverage ratio 80%, floor area ratio 600%.