Urban Hills Yuzawa Resort - 2nd Floor Apartment

This 1LDK condominium, located on the second floor of the Urban Hills Yuzawa Resort, offers a unique investment opportunity in Minamiuonuma District, Niigata Prefecture. The property, built in September 1990, has a floor area of 60 square meters and features a layout comprising an 8-tatami mat Japanese-style room and a 17-tatami mat living-dining-kitchen area. The unit is situated within an 11-story reinforced concrete building with a total of 248 residences. The property is currently under a fixed-term lease agreement, generating a monthly rent of 55,000 yen, which provides a gross yield of 26.4%. The lease is in effect until the end of March 2028. Please note that as this is an owner-change property, interior viewings are not possible. The purchaser will be required to enter into a property management consignment contract with the listing agency. The gross yield is calculated as the annual expected rental income divided by the property acquisition price, multiplied by 100. This figure does not deduct fixed costs such as property taxes or management fees, and it is not a guarantee of future rental income or yield. The property has a kerosene fan heater (FF type) that is currently broken. Internet service is available via fiber optic (VDSL, individual contracts possible with limits), and application to the management association is required. Pets are allowed, with restrictions on height (under 30 cm) and a limit of one dog or cat per unit. The building features a range of shared amenities, including a panoramic hot spring bath on the top floor offering wide views of the Iwahara ski slopes and Yuzawa town, an indoor 10-meter pool (including a children's pool), a sports room, a lobby, a first-floor lounge, and ski lockers. The property has an auto-lock system, security cameras, a 24-hour garbage disposal service, and a full-time building manager. The construction was carried out by a joint venture of Nishimatsu Construction and Daiichi Kensetsu Kogyo. The property is located approximately a 13-minute bus ride from JR Joetsu Shinkansen Echigo-Yuzawa Station, followed by a 3-minute walk from the Iwahara Iriguchi bus stop. It is also about a 1-minute walk from the Iwahara Ski-jo-mae Station on the Joetsu Line and about a 4-minute drive from the Yuzawa IC on the Kan-etsu Expressway.