Investment Apartment Building in Iwaki, Fukushima
This property is a multi-unit apartment building located in the Yoshima district of Iwaki City, Fukushima Prefecture. The building is a two-story lightweight steel structure, completed in October 1992, and comprises a total of 12 residential units. The property is currently tenanted, making it an ideal opportunity for an investor seeking an immediate income stream. Please note that as all units are currently occupied, interior inspections of the individual apartments are not possible.
The total land area is 1,161.72 square meters, with a building area of 706.08 square meters. The building is actually composed of three separate structures, each with a floor area of 235.36 square meters. The property is situated on a corner lot facing east onto a 6.6-meter-wide public road. The land is zoned as a Category 1 Residential Area within an urbanization promotion area, with a building-to-land ratio of 60% and a floor-area ratio of 200%.
The building is equipped with propane gas, air conditioning, a hot water supply, and each unit has a dedicated toilet. The bathrooms are separate from the toilets and feature a shower and a reheating function. There is also an indoor washing machine space. The exterior walls and roof were renovated in December 2025, using a cover construction method with Galvalume steel. Interior renovations, including new cross wallpaper and flooring, were completed in July 2024. The closets, toilets, and washbasins were also replaced in July 2024.
The property is located approximately 9 minutes by bus from JR Joban Line's Iwaki Station, followed by a 3-minute walk from the Kaneda Danchi bus stop. Iwaki City offers a range of urban amenities while being situated in a region known for its natural beauty, including coastal areas and hot springs.
