Sapporo Yamanote RC Apartment Building | 8.67% Yield | 18 Units Fully Occupied

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Property Highlights
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-Structure: Reinforced Concrete (RC), 5 stories above ground + 1 basement
-Built: November 1994 (building inspection certificate issued)
-Unit Mix: 18 Units (2LDK x 14, 1LDK x 4)
-Total Floor Area: 1,203.08㎡ / Leasable Area: 967.40㎡
-Land Area: 709.54㎡ (freehold, registered area)
-Corner Lot: Approx. 27m public road (northeast) and approx. 8m public road (northwest)
-Zoning: Category 1 Residential (building coverage 60%, or 70% with the corner-lot allowance / floor-area ratio 200%)
-Parking: 10 spaces

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Investment Highlights
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-Annual Income: JPY 15,774,000 (current, and at full occupancy)
-Gross Yield: 8.67%
-Occupancy: 18 of 18 residential units leased (as of October 3, 2026)
-Additional Income: Two rooftop mobile base stations (KDDI: JPY 100,100 per month / SoftBank: JPY 1,333,200 per year), included in the income above
-Annual Expenses: JPY 2,726,568 (property taxes JPY 1,482,700 / property management JPY 384,456 / cleaning, elevator, internet and fire safety JPY 859,412; common-area electricity and insurance not included)
-Income after the expenses above: Approx. JPY 13.05 million per year (approx. 7.2% of the price)

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Access
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-Bus Stop “Yamanote 4-jo 11-chome” (JR Hokkaido Bus): Approx. 1-minute walk
-Kotoni Station (Subway Tozai Line): Approx. 24-minute walk

An 18-unit reinforced-concrete building in Sapporo’s Yamanote residential area, fully occupied and yielding 8.67% gross. Income comes from three sources: apartments, parking and two rooftop mobile base stations. A rent roll, an expense breakdown and a completed bank appraisal are available, so due diligence can move quickly.