Property Overview: Satogaoka Pana Apartment Building in Iwaki, Fukushima
This property is a lightweight steel-framed apartment building located in the Satogaoka area of Iwaki City, Fukushima Prefecture. Constructed in October 1990, the building comprises two stories and contains a total of six residential units. The total floor area is 162.50 square meters, situated on a land plot of 318.70 square meters. The property is currently tenanted, offering an owner-change (オーナーチェンジ) investment opportunity with immediate handover possible.
The building features a corner lot location, with excellent road frontage: the west side faces a 6-meter-wide public road for 19 meters, and the north side also faces a 6-meter-wide public road for 16 meters. This dual-road access is a notable advantage. The land is flat and located in a Category 1 Low-Rise Residential Zone, with a building coverage ratio of 50% and a floor area ratio of 80%.
Each unit is equipped with essential amenities including air conditioning, a water heater, separate bath and toilet, a shower, and an indoor washing machine space. According to the agent notes, the units contain both Japanese-style (washitsu) and Western-style rooms. The property is currently seeking tenants for three households.
The building is located approximately 4,500 meters on foot from Iwaki Station on the Joban Line. Parking is available on-site. The property is being sold by a real estate company based in Iwaki City.
