Compact Investment Apartment in Maebashi, Gunma
This property is a compact 1K apartment located on the 3rd floor of a 7-story reinforced concrete (RC) building in Maebashi, Gunma Prefecture. The apartment features a wall-core exclusive area of 20.7 sqm (approximately 6.26 tsubo) and includes a 4.2 sqm balcony. The building was constructed in February 1992 and is part of a large complex with a total of 130 units. The management is partially outsourced with a daytime manager and a management association in place, handled by the professional firm Tokyu Community Co., Ltd.
Key equipment and features of the property include storage space, air conditioning, an indoor washing machine space, lighting fixtures, an auto-lock security system, city gas, an elevator, and a bicycle parking area. The apartment is currently tenanted, ensuring immediate rental income upon purchase. The annual projected rental income is 336,000 yen, offering an attractive projected annual yield of 11.2%. The transaction is an owner change, and the property comes with defect insurance and a performance evaluation. The land is designated for industrial use and is covered by the National Land Use Law.
