Spacious Apartment Building Investment in Ueda, Nagano

This investment property is a six-unit apartment building located in Ueda City, Nagano Prefecture. Constructed in December 1992, the wooden structure offers a total building area of 139.12 square meters (approximately 42.08 tsubo) situated on a generous land plot of 212.25 square meters (approximately 64.20 tsubo). The property is conveniently located within a 10-minute walk from Miyoshicho Station on the Ueda Dentetsu Bessho Line, providing easy access to the local rail network.

Critical agent notes provide essential financial and structural details. The property's facilities utilize propane gas. The road access details specify it is on a corner lot: to the north, a 4.5-meter wide public road with 11.5 meters of frontage, and to the west, a 4.4-meter wide public road with 11.5 meters of frontage. Important financial remarks include the annual fixed asset tax (for Reiwa 7/2025) at 48,898 yen and the annual electricity cost (based on Reiwa 6/2024 actuals) at 15,549 yen. Prospective buyers are advised to inquire for details on the building's assessed value and estimated depreciation amounts.

The property is currently tenanted, presenting an immediate income stream for a new owner. The land is designated as residential, with a building-to-land ratio of 60% and a floor area ratio of 200%. It includes parking facilities and is situated in a highland area. The sale is conducted under a general intermediary transaction.

Ueda City is a historic castle town in the scenic Nagano Prefecture, known for its role in the samurai era and its connection to the famous Sanada clan. The area offers a rich cultural heritage and beautiful natural surroundings. A major nearby landmark is the historic Ueda Castle, a well-preserved site offering panoramic views and a deep dive into Japan's feudal history.