Doesn't make a lot of sense to me
I got this flyer the other day, and it made me curious.
Basically it's an ad for a 4-plex rental apartment in a good area in Sendai. The building is fairly old, currently fully occupied, and the yield when full is only 7.53%. I presume you start losing money if one of the apartments is unoccupied.
Given that the building will have to be renovated/rebuilt regularly, I don't see how this makes any sense. One possible thing going for it is that land in this particular area is expensive and could become more valuable as the area gets further built up.
I realize the better offers are probably getting snapped up before they go out on flyers to the general public, but still. Am I missing something here? Why would anyone buy this?