Investment Opportunity: Two-Building Apartment Complex in Tatebayashi, Gunma
This property presents a compelling investment opportunity as a small apartment complex consisting of two separate buildings located in Tatebayashi City, Gunma Prefecture. The site contains two structures, offering a total of three separate 2DK (two rooms plus dining-kitchen) units, all of which are currently occupied, providing immediate rental income. The buildings were constructed in April 1972 and feature a wooden structure.
Key facilities and equipment for the units include propane gas for utilities, air conditioning, and separate bath and toilet rooms. The property benefits from on-site parking, which is provided free of charge for tenants. The land itself is a flat, rectangular plot with a total area of 262.60 square meters (approximately 79.43 tsubo). The building area is 110.13 square meters (approximately 33.31 tsubo). The property fronts a single public road to the north, with a road width of 6 meters and a frontage of 2.5 meters. The zoning is categorized as Category I Medium-to-High-Rise Exclusive Residential District within an urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 200%.
Tatebayashi is a historic city in southeastern Gunma, known for its beautiful Tsutsuji (azalea) park at Tatebayashi Castle Ruins Park, which attracts many visitors during the spring blooming season. The property is within a 17-minute walk of Tatebayashi Station, providing access to multiple Tobu Railway lines, connecting residents to destinations like Ashikaga and Tokyo. The area offers convenient daily living amenities.
