Income Property: Dia Palace Higashifukatsu
This is a 3LDK apartment located on the 3rd floor of a 7-story steel-framed reinforced concrete building in Fukuyama City, Hiroshima Prefecture. The property is currently tenanted, generating a monthly rent of 86,000 yen, for an annual income of 1,032,000 yen and a gross yield of 7.93%. The total floor area is 65.97 square meters, with a balcony of 9.15 square meters. The building was constructed in April 1991. The property includes one parking space (subject to lottery). Utilities include city water, sewer, and city gas. The land is freehold, located in a urbanization promotion area with a neighboring commercial zoning. The building coverage ratio is 80%, and the floor area ratio is 300%. The property is within the school districts of Fukatsu Elementary School and Higashi Junior High School. It is a 2-minute walk from the 'Koemmae' bus stop and a 15-minute walk from Higashi-Fukuyama Station.
