Investment Apartment Building in Iwaki City, Fukushima

This property is a two-story wooden apartment building located in the Nakoso-cho Sakai area of Iwaki City, Fukushima Prefecture. The building, named Beverly Hills Iwaki, was constructed in March 2013 and comprises a total of six residential units. The property is currently tenanted and being offered as an owner-change opportunity, meaning the new owner can take over the existing lease agreements and rental income stream.

The land area is 674.68 square meters (approximately 204.09 tsubo), with a building footprint of 310.52 square meters (approximately 93.93 tsubo). The property is situated on a sloping hillside site within a Category 1 Medium-to-High-Rise Residential Zone, with a building coverage ratio of 60% and a floor area ratio of 200%. A notable detail is that 14 square meters of the total land area is a shared ownership portion of a public road. The site is also designated as a buried cultural property zone, specifically the Sakai Sakai Hara Archaeological Site.

The property faces a single public road to the west, which is 5.2 meters wide and has an 18-meter frontage. Parking is available for a monthly fee of 3,300 yen per space, and there are bicycle parking facilities. As of April 2026, four of the six units are occupied. The property is available for immediate transfer.