6-Unit Income-Generating Apartment Building in Kitago, Sapporo
Nova 4 – Income-Generating Apartment Building in Kitago, Sapporo
Nova 4 is a three-story residential investment property located in Kitago, Shiroishi Ward, Sapporo, Hokkaido, Japan.
The property comprises six residential units, including four 1LDK apartments and two 2LDK apartments. As of October 1, 2026, five of the six units are occupied. Each unit has access to garage parking, with the first floor constructed in reinforced concrete.
Investment Highlights
Asking Price: JPY 26,000,000
Projected Gross Rental Yield at Full Occupancy: 11.35%
Projected Annual Rental Income at Full Occupancy: JPY 2,952,000
Current Occupancy: 5/6 units
Land Area: 225.52 sqm
Total Floor Area: 323.19 sqm
Units: 4 × 1LDK / 2 × 2LDK
Construction: Wood and Reinforced Concrete, 3 Stories
Year Built: October 1991
Ownership: Freehold Land
Parking: Garage parking available for all units
Location & Accessibility
The property is approximately a 20-minute walk from JR Shiroishi Station and approximately a 3-minute walk from the Kitago 5-3 bus stop.
A convenience store is approximately a 3-minute walk away. The property is also approximately 1 minute by car from Kanjo-dori and approximately 4 minutes by car from the Kitago Interchange.
Building & Utilities
The property is supplied with Hokkaido Electric Power, propane gas, public water, and public sewerage. No elevator is installed.
Investment Considerations
The property is currently leased and is offered on an as-is basis. The sale is subject to the succession of the existing lease agreements.
The stated gross yield is based on projected annual rental income at full occupancy and is calculated before property-related taxes, management expenses, repair costs, and other operating expenses. Rental income and future occupancy are not guaranteed. The projected rental income assumes a monthly rent of JPY 45,000 for the currently vacant unit.
For further information, please contact Asset Castle.