Investment Opportunity: South-Facing 1K Apartment in Morioka with High Yield Potential
This property is a 1K apartment located on the 6th floor of a 9-story building in the Chabatake 1-chome area of Morioka City, Iwate Prefecture. The apartment features a south-facing orientation, ensuring ample natural light, and has a separate bath and toilet. The unit is currently tenanted, making it an investment property under an owner change scenario. The listed price is 2.5 million JPY, with a projected annual rental income of 456,000 JPY, resulting in a surface yield of 18.24%. Please note that this yield calculation is based on gross rental income before deducting taxes, public charges, and other necessary maintenance costs, and does not guarantee the actual rental income.
The building, Green Village Morioka Building C, is a steel-reinforced concrete (SRC) structure built in October 1975. It contains 80 units and is managed by a full委托, daytime management company. The apartment's exclusive area is 37.71 sqm (approximately 11.4 tsubo), with a 6-tatami mat Japanese-style room and a balcony. Building amenities include an elevator and storage space. The property comes with defect liability insurance. The transfer of ownership is negotiable.
The location is highly convenient, with the "Hachimangu-mae" and "Matsuo-mae" bus stops both within a 3-minute walk. Daily necessities are close at hand, with a Seven-Eleven convenience store just a 2-minute walk away and a Tsuruha Drug store within 80 meters. The area is also rich in culture, as the famous 盛岡八幡宮 (Morioka Hachimangu Shrine) is only a 4-minute walk from the apartment. This historic Shinto shrine is a significant cultural landmark in Morioka. For longer journeys, the Morioka Bus Center is approximately a 12-minute walk.
