Investment Opportunity in Iwaki City
This property is a multi-unit residential building located in Iwaki City, Fukushima Prefecture. It offers a total of 24 units, comprising 15 one-room (1K) apartments and 9 one-bedroom (1LDK) units. As of January 2024, the building has 18 tenants, with an annual income of 12,200,000 yen when fully occupied. The property is suitable for use as an investment or as a dormitory. A renovation was completed in 2014. The building is equipped with WiFi, digital keys, air conditioning, a bathroom dryer, and a heated toilet seat. The property is a reinforced concrete structure with three storeys, built in March 1980. The land area is 872.01 square meters, and the total floor area is 723.94 square meters. The property is located a 9-minute walk from Iwaki Station on the JR Joban Line. The land rights are freehold. The property is subject to landslide hazard area regulations. Utilities include public water supply, main sewer, and individual LPG. Parking is available as a car space. The building faces south. The property is located in a Category 1 residential zone. The building coverage ratio is 60% and the floor area ratio is 200%. The property is being sold by Higashi Nihon Chiken. The listing also notes that this information may be automatically reflected in other inquiries (discarded after 30 minutes) and is only available for some properties.
