Property Overview: Lions Mansion Morioka Uchimaru
This is a used condominium unit located in Uchimaru, Morioka City, Iwate Prefecture. The property is situated on the seventh floor of a ten-story building with one basement level, constructed from steel-frame reinforced concrete (SRC). The building was completed in October 1992 and comprises 81 units in total. The apartment offers a studio layout (one room) with a floor area of 25.62 square meters (approximately 7.75 tsubo), measured by wall center. The balcony faces northwest and has an area of 4.69 square meters. The property includes a service room count of zero.
The unit is currently tenanted and is being sold as an owner-change (investor) opportunity. As the property is under lease, the new owner cannot occupy it themselves in principle. The listed price is 3,750,000 yen. The expected gross rental yield, based on projected annual rent income relative to the purchase price, is provided for reference but is not guaranteed. This yield is calculated before deducting property taxes, public dues, and other maintenance costs.
The building is equipped with city gas, a hot water supply system, an elevator, an indoor washing machine space, cable TV (CATV), wired broadcasting, a balcony, a trunk room, storage space, an auto-lock entry system, a TV monitor intercom, security cameras, and fire alarm equipment. The exterior features tile cladding, and the building has a patrolling building manager. The management style is full consignment with a management association in place.
The monthly management fee is 6,200 yen, and the monthly repair reserve fund is 7,050 yen. The land rights are freehold. The property is located within walking distance of the Iwate Prefectural Office (3 minutes), Morioka City Hall (3 minutes), Uchimaru Medical Center (4 minutes), Morioka Castle Ruins Park (5 minutes), Odori Shopping Street (7 minutes), Morioka Central Post Office (9 minutes), and MOSS Building (14 minutes). The nearest bus stop is Kencho Shiyakushomae (4 minutes on foot), and Morioka Station on the Tohoku Main Line is a 23-minute walk away.
