Compact Investment Condominium in Central Nagaoka
This property is a 1K layout condominium unit located on the 7th floor of a 12-story building in Nagaoka City, Niigata Prefecture. The unit offers a compact yet functional living space with a total private area of 17.37 square meters (approximately 5.25 tsubo). The balcony, facing south for good sunlight, adds an additional 2.79 square meters of outdoor space. The building, constructed in April 1993 with an SRC (steel-framed reinforced concrete) structure, is well-maintained and features shared amenities including an entrance lobby and an elevator.
Translated agent notes on equipment and features include: closet, air conditioning, heating, indoor washing machine space, lighting fixtures, all-electric system, elevator, and a free bicycle parking area. Special notes indicate the property is currently tenanted, with an owner change planned for the year. The projected annual rental income is 312,000 yen, yielding an estimated annual return of 16.42%. Other costs include a monthly management fee of 5,380 yen and a monthly repair reserve fund of 2,080 yen. Additional running costs consist of an annual fixed asset tax of 27,100 yen. A key one-time cost is an agency commission of 330,000 yen. The transaction is handled as a general intermediary.
