Compact Investment Apartment in Central Niigata

This is a 1K apartment unit located on the 2nd floor of an 11-story reinforced concrete building in the Honbori area of Niigata City's Chuo Ward. The property has a proprietary area of 17.93 square meters and was built in December 1985. The interior was renovated in April 2023, including new flooring, new wallpaper throughout, a water heater replacement, and a new toilet seat. The apartment is currently rented out, making it an owner-change property with an annual expected rental income of 312,000 yen and a gross yield of 20.80%. The building construction is SRC (steel reinforced concrete). The property features an air conditioner, city gas, municipal water and sewer, and an elevator. There is no parking, bicycle parking, or motorcycle parking. The property is located in a commercial district and has a fixed asset tax of 28,000 yen per year. The building's total floor area is 2,901.64 square meters on a land area of 484.29 square meters. The property is managed by a management association with a full-time building manager on weekdays. The transaction is a limited exclusive mediation. The property is located near convenience stores, banks, and a kindergarten. The nearest station is JR Echigo Line Hakusan Station, a 22-minute walk away. The property is not pet-friendly and cannot be used as an office. The price is 1,500,000 yen, with a monthly management fee of 6,100 yen and a monthly repair reserve fund of 2,800 yen.