Investment Opportunity: Steel-Framed Apartment Building in Koriyama, Fukushima
This property is a three-story, steel-framed apartment building located in the Tamachi Tokusada area of Koriyama City, Fukushima Prefecture. The building comprises a total of 35 units, including four 1R (one-room) units, twenty-nine 1K (one-room with kitchen) units, one 2K (two-room with kitchen) unit, and one retail store space. The total floor area is 836.54 square meters on a land plot of 641.28 square meters. The building was constructed in September 1988.
The property's equipment includes propane gas, air conditioning, a dedicated toilet, an indoor washing machine space, and bicycle parking. It is situated on a corner lot with frontage on a 16-meter-wide public road to the west and a 5-meter-wide public road to the east. The building underwent exterior wall painting, rooftop waterproofing, and main sewer line work in 2019.
Currently, the property is tenanted with an owner-change (オーナーチェンジ) arrangement. Of the 35 total units, 29 are vacant. There are three parking spaces available. The property is being sold in its current condition (現況有姿), and property boundaries are not explicitly indicated (境界非明示). The building is located in an urbanization promotion area with a first-class medium-to-high-rise residential zone designation. The building coverage ratio is 60%, and the floor area ratio is 200%.
The property is accessible via a 20-minute walk from Asakanagashiro Station on the Tohoku Main Line, and a 2-minute walk from the main gate of Nihon University's College of Engineering campus.
