Owner-Change Apartment Building in Koriyama City, Fukushima
This is a four-story reinforced concrete apartment building located in the Asaka 2-chome area of Koriyama City, Fukushima Prefecture. The property, known as Kageyama Daiichi Mansion, offers a total floor area of 1261.12 square meters on a land size of 1211.86 square meters. Built in April 1974, the building has a reinforced concrete (RC) structure and contains a total of 24 units. The land rights are freehold (ownership type). 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 building is equipped with propane gas, air conditioning, a water heater, dedicated toilets, separate bath and toilet, a reheating function for the bath, an indoor washing machine space, and storage space. The property faces two roads (excluding corner lots): to the east, a 6-meter-wide public road with a 25-meter frontage and no designated position; to the west, a 4.8-meter-wide public road with a 26-meter frontage and no designated position. Parking is available and free of charge.
This is an owner-change property with a total of 25 units (the listing notes 24 units in one section and 25 in another; the total number of units is 25). Currently, 11 units are vacant. The current annual rental income is approximately 7.26 million yen, while the projected full-occupancy annual rental income is approximately 13.08 million yen. The management fee is 5% of the rent. Roof and exterior wall painting were carried out in 2015. The property is located about a 6-minute walk from Asaka-Nagamori Station on the Tohoku Main Line, providing convenient access to the area.
