Compact Investment Apartment in Nagoya's Showa Ward
This property is a compact 1K apartment located on the first floor of a four-story reinforced concrete (RC) building constructed in December 1985. The unit has a wall-core exclusive area of 17.11 sqm (approximately 5.17 tsubo) and features a balcony. The property is currently under a sub-lease agreement, generating a planned annual rental income of 214,000 yen. The estimated annual yield is a notable 12.58%. The building management is fully entrusted to a company that provides巡回管理 (rotational/patrol-based management).
The apartment comes with a monthly management fee of 5,000 yen and a monthly repair reserve fund of 7,680 yen. The current tenant pays a monthly rent of 17,850 yen and is only responsible for the repair reserve fund contribution. The property is undergoing an owner change. Equipment and special notes include a performance evaluation, defect insurance, and equipment warranty. The transaction type is listed as 専任媒介 (exclusive agency).
The apartment is situated in the Yahagifujimi area of Nagoya's Showa Ward, a quiet residential district. The location offers excellent access via public transport, with Nagoya Municipal Subway's Meijo Line Yahagihijiri Station an 8-minute walk away, and both the Tsurumai Line and Meijo Line's Yahagi Station within a 9-minute walk. The area is designated as a Category I Exclusive Residential Zone. An interesting local fact is that the nearby Yahagi area is named after the historic Yahagi River, which has been a part of the region's landscape for centuries. The closest major landmark is the expansive and culturally significant Atsuta Jingu, one of Japan's most important Shinto shrines, located a short drive or train ride away.
