Investment Apartment Building in Hiroshima's Higashi Ward
This listing presents a multi-unit apartment building located at 1-chome, Tosaka Kurumeki, Higashi Ward, Hiroshima City, Hiroshima Prefecture. The property is a reinforced concrete structure built in March 1994, standing six stories tall with a total building area of 2008.05 sqm (approximately 607.43 tsubo). The land area is 1252.89 sqm (approximately 378.99 tsubo). The building contains 27 residential units, all of which are currently occupied and generating rental income. The layout for the units is listed as 2LDK.
The property is positioned as an investment opportunity with an asking price of 330,000,000 JPY. Based on current market rents and assuming full occupancy, the projected annual rental income is 26,496,000 JPY, which translates to a projected yield of 8%. It is important to note the agent's remarks regarding these figures: The yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting taxes, public charges, and other necessary expenses for maintaining the property. Furthermore, the projected rent and yield are calculated based on prevailing market rents, adding estimated rent for any vacant units to simulate full occupancy. The agent explicitly states that rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of January 9, 2026).
Access is provided via the Astram Line, with Fudoin-mae Station approximately a 19-minute walk away. The property is situated in a Category II Medium-to-High-Rise Residential Exclusive Zone within an urbanization promotion area, with a building coverage ratio of 60% and a floor area ratio of 200%.
