Investment Apartment Building in Morioka, Iwate Prefecture
This property is a wooden two-story apartment building located at 1-chome Nishisenboku, Morioka City, Iwate Prefecture. Constructed in March 1993, the building offers a total floor area of 176.78 square meters on a land plot of 207.67 square meters. The land rights are freehold, and the property is situated in a quasi-industrial zone within an urbanization promotion area, with a building coverage ratio of 60% and a floor area ratio of 200%. The site is flat and the property is currently tenanted, being offered as an owner-change investment.
The building is equipped with propane gas, air conditioning, a hot water system, separate bath and toilet, a shower, and an indoor washing machine space. Parking is available free of charge. The property faces two roads (excluding corner lot): to the north, a 6-meter-wide public road, and to the east, another 6-meter-wide public road, both without designated position specifications.
Important notes from the listing include: exemption from liability for contractual non-conformity, two out of four units are currently vacant and available for inspection, and the gross yield is calculated assuming full occupancy. The property offers convenient access to transportation, being a 9-minute walk from Senbokucho Station on the Tohoku Main Line, a 27-minute walk from Morioka Station on the Tohoku Shinkansen, and a 29-minute walk from Morioka Station on the Iwate Ginga Railway Line.
