High Grade Shinoro is a four-story steel-frame investment apartment building located in the Shinoro area of Kita Ward, Sapporo.
The property is situated approximately a 19-minute walk from Shinoro Station on the JR Sassho Line, also known as the Gakuen-Toshi Line.
Priced at JPY 68,000,000, the property generates an estimated annual rental income of JPY 6,633,600 when fully occupied. This represents an attractive gross yield of approximately 9.76%.
Built in March 1989, the building comprises 12 residential units, including nine 2DK apartments and three 1DK apartments. Eleven of the 12 units are currently occupied.
The building has a total floor area of 666.54 m² and stands on a 357.02 m² freehold site facing a public road.
The property is located within an Urbanization Promotion Area and is designated as a Category I Exclusively Low-Rise Residential Zone. The applicable building coverage ratio is 50%, and the floor area ratio is 80%.
The property will be sold based on the registered property area and transferred in its current condition.
<p>High Grade Shinoro is a four-story steel-frame investment apartment building located in the Shinoro area of Kita Ward, Sapporo.</p>
<p>The property is situated approximately a 19-minute walk from Shinoro Station on the JR Sassho Line, also known as the Gakuen-Toshi Line.</p>
<p>Priced at JPY 68,000,000, the property generates an estimated annual rental income of JPY 6,633,600 when fully occupied. This represents an attractive gross yield of approximately…