Flower Hill Inage: A Prime Investment Apartment Building in Chiba
Flower Hill Inage is a substantial investment property located in the Inage Kaigan area of Mihama Ward, Chiba City. This reinforced concrete apartment building, constructed in March 1989, offers a total floor area of 2,047.17 sqm (approximately 619.26 tsubo) across seven above-ground stories and one basement level. The property sits on a land plot of 579.99 sqm (approx. 175.44 tsubo) in a commercial zone within the urbanization promotion area.
The building contains 21 units in total, including 19 residential apartments and commercial spaces. The current occupancy is full, with all 21 units tenanted. The annual current rental income is 32,788,200 yen, with a projected annual income of 32,920,200 yen at full occupancy, yielding a current and projected capitalization rate of 7.3%. The residential units range in size from 55.1 sqm to 112.23 sqm, featuring a 2DK layout. The property benefits from excellent access, being within walking distance of three train stations: Keisei Inage Station (8 minutes), Inage Kaigan Station (13 minutes), and JR Inage Station (17 minutes). It is also situated along National Route 14, with frontage on roads exceeding 6 meters in width.
Critical agent notes provide essential investment context. The yield is calculated as the ratio of annual rental income (including common area fees) to the selling price, before deducting taxes, public charges, and other necessary maintenance expenses. The projected rent and yield are calculated based on market rates, adding estimated rent for any vacant units to simulate full occupancy. It is important to note that rental income is not guaranteed to be reliably obtained in the future. (As of the survey date: March 20, 2026). Additional remarks state the property is currently tenanted, and the lease agreements are to be taken over by the new owner. Part of the land is also within a planned urban planning road area.
The Inage Kaigan area is a popular coastal district within Chiba City, known for its relaxed atmosphere and proximity to Tokyo Bay. An interesting local fact is that the nearby Inage Seaside Park was created on reclaimed land and features a large, man-made beach, making it a popular summer destination for families. The area is also a gateway to the renowned Makuhari Messe, one of Japan's largest convention and exhibition centers, located just a few train stops away.
