Investment Studio Apartment in Niigata City
This is a studio apartment located on the 5th floor of a 6-story reinforced concrete building in the Chuo-ku area of Niigata City, Niigata Prefecture. The property has a floor area of 15.79 square meters (approximately 4.77 tsubo) and features a single room layout with a 6-tatami mat western-style room. It includes a balcony of 3.3 square meters with a southern exposure, providing natural light.
The apartment is being sold as an owner-change property and is currently rented out, with an expected annual rental income of 360,000 yen and a projected yield of 24%. The price is 1,500,000 yen, with a monthly management fee of 5,400 yen and a repair reserve fund of 3,000 yen. Equipment includes an air conditioner, an indoor washing machine space, city gas, and an elevator. The property has a freehold land rights status.
The building was constructed in February 1992 and is located approximately 23 minutes on foot from Niigata Station, which is served by the Joetsu Shinkansen and local lines. The surrounding area includes convenience stores, supermarkets, and other everyday amenities within walking distance.
