Spacious 2LDK Apartment in Mito with Investment Potential
This well-maintained apartment, built in November 1973, offers a comfortable living space of 47.11 sqm (approximately 14.25 tsubo) in a quiet residential area of Mito City, Ibaraki Prefecture. The property is located on the 6th floor of an 8-story SRC (steel reinforced concrete) building, providing a sense of security and stability. The layout is a practical 2LDK, featuring two 6-tatami Western-style rooms and a combined 12-tatami living-dining-kitchen area, all finished with flooring throughout.
Key equipment and features include a bathroom with a window, a 2-burner stove, ample storage space in all rooms, air conditioning, a designated washing machine area, city gas, hot water supply, and an elevator. The building is equipped with a free bicycle parking area and motorcycle parking. The apartment itself is a corner unit with two or three-sided lighting, ensuring excellent natural light. It boasts a wide, two-sided balcony measuring 10 sqm, offering pleasant views from a slightly elevated location with no buildings directly in front.
A special note is that this property is currently tenanted, presenting an immediate investment opportunity with an estimated annual rental income of 564,000 yen and a projected yield of 16.11%. The ownership is scheduled to change hands. The management is handled by the Chateau Jiyugaoka Management Union, with an on-site manager. The building has undergone a building inspection and comes with defect insurance and a performance evaluation for added peace of mind.
The surrounding area of Mito is rich in history and culture. An interesting fact is that Mito is famous for its natto (fermented soybeans), which originated in the region. The city is also home to the stunning Kairakuen Garden, one of Japan's Three Great Gardens, which is particularly beautiful during the plum blossom season in late winter and early spring. The apartment provides convenient access to daily life while being situated in a peaceful neighborhood.
