Foreclosure Auction: 1DK Apartment in Joetsu City, Niigata
This property is a 7th-floor, 1DK apartment located at 178-179, Honcho 5-chome, Joetsu City, Niigata Prefecture, currently undergoing a foreclosure auction. The sale price is set at 1,200,000 yen. The apartment is part of a 64-unit reinforced concrete (SRC) building constructed in February 1991.
The property is currently occupied by a tenant. The successful bidder will inherit the highest-priority leasehold rights for this tenant. This lease has no fixed term, and no security deposit or key money was collected, which is a significant consideration for a new owner. Furthermore, the buyer may be responsible for paying substantial outstanding management fees and common area charges, totaling approximately 1,254,549 yen.
The apartment itself shows signs of wear and deterioration. Agent notes indicate issues including squeaky floors, wall damage, and general dirtiness throughout the unit. The building's management regulations also impose usage restrictions, explicitly prohibiting operations such as minpaku (private lodging), share houses, offices, and shops, limiting its potential uses primarily to residential occupancy.
Accessibility is a key feature, with the property being just a 3-minute walk (217 meters) from Takada Station on the Echigo Tokimeki Railway line. The location within Joetsu City offers urban convenience. The total floor area of the unit is 29.93 square meters.
