This reinforced concrete money maker is a great opportunity to capitalize on Hokkaido’s undervalued rental real estate market.
It’s a great design with 12 apartments that are easy to fill, easy to maintain an close to the Subway and JR stations.
This building generates a reliable annual income: Current annual income*: ¥6,629,616 (current yield: 8.53%) (as of September 12, 2022)
- *The current yield is the ratio of the current rent income per year to the selling price, and it is before the deduction of public tax and other expenses necessary to retain the property.
- The rule of thumb for maintenance, tax and management costs is 1.5 ~ 2.0% of annual income. We can recommend a reliable property management firm who will keep your apartments maintained, in good repair and find tenants regardless of your Geographical location.
- Test certificates are available.
- The current state of the building is good.
- The building is currently full.
- The 5 parking spaces generate ¥35,000 / month