Apartment Building Investment Opportunity in Nagano City

This apartment building, located in Nagano City, Nagano Prefecture, presents a turnkey investment opportunity. The property is a two-story wooden structure built in March 1990, containing a total of 12 units. The total building area is 266.64 sqm (approximately 80.65 tsubo), situated on a land area of 293.67 sqm (approximately 88.83 tsubo). The property is currently tenanted, offering immediate rental income.

Key equipment and facilities include propane gas, air conditioning, and separate bath and toilet units. The property benefits from road access on two sides: a 6-meter wide public road to the north with a 10-meter frontage, and a 3.7-meter wide public road to the west with a 28-meter frontage.

Critical agent notes provide essential details. The fixed asset and city planning taxes are approximately 129,300 yen per year. The buyer must inherit existing contracts for propane gas (with Hokushin Gas Co., Ltd.) and internet service (with eBroad Communications Co., Ltd.). A significant interior renovation was completed in 2021, covering 11 of the 12 rooms (all except unit 106). All rooms are equipped with air conditioning, washlet toilets, video intercoms, and gas fan heaters. The property includes parking for three cars. The sale is conducted on an "as-is" basis using public registry records, with seller免责 for contract non-conformities and without explicit boundary demarcation (no new survey will be conducted).

The area is well-connected, within walking distance of JR Shinetsu Main Line's Nagano Station (26 mins), and Nagano Electric Railway's Zenkoji-shita Station (14 mins) and Gondo Station (17 mins). Nagano City is a vibrant regional hub, famous for hosting the 1998 Winter Olympics. The closest major landmark is the iconic Zenko-ji Temple, one of Japan's most important and visited Buddhist temples, located just a short distance from the property.