【Fully Tenanted Income Property in Chiba – 6.12% Yield with Bonus Vending Revenue】

La Rêve Matsudo Nijuuseikigaoka (Kiyoshi Heim) offers a rare investment opportunity in a solid suburban market, just 13 minutes on foot from Hokuso Line “Kita-Kokubun” Station. With a current occupancy of 2 out of 3 units rented and a total projected income of ¥3.48 million/year (plus ¥120,000 from vending machine revenue), this income-generating asset delivers a stable gross yield of 6.12% when fully occupied.

This 3-story steel-frame building, constructed in December 1985, comprises three units: one commercial space (1F) and two residential units (2F & 3F)—each with approximately 52.20–58.41㎡ of floor space. The total building area is 169.02㎡, situated on 86.99㎡ of land, and located on a wide public road (approx. 15.9m wide) with about 11.7m of frontage, offering strong visibility for the commercial tenant.

Extensive renovations were completed in August 2019, including:

• Exterior: Wall painting, waterproofing (rooftop and balcony), stair surfacing, mailbox replacement, rainwater pipe replacement, shutter repainting.

• Interior: Kitchen, flooring (CF/carpet tiles), toilet, vanity upgrades, and full cleaning.4

Whether you’re a seasoned investor or looking to enter the Japanese real estate market, this property provides reliable cash flow and upside potential in a well-developed, residential-commercial mixed-use area of Matsudo City, Chiba.