Investment Opportunity: A Studio Unit in Morioka's Central District
This property is a single-room condominium unit located in the Uchimaru area of Morioka City, Iwate Prefecture. The unit offers a compact living space of 28.37 square meters, situated on the 7th floor of a 10-story, steel-framed reinforced concrete building constructed in October 1992. The building, named 'Lions Mansion Morioka Uchimaru,' comprises a total of 81 units.
The property is currently tenanted and is being offered as an owner-change investment, meaning the new owner would assume the role of landlord with an existing lease in place. The listing notes that the property is not intended for personal occupancy by the purchaser due to the current tenancy. The advertised yield is based on projected annual rental income relative to the property price, calculated before deductions for taxes and other maintenance costs, and does not guarantee that this income will be achieved.
The unit features a layout of one room with a western-style room of 8.1 tatami mats and a service room. It includes a balcony of 5.97 square meters facing southeast. The building is equipped with a range of facilities including city gas supply, a water heater, an elevator, an indoor washing machine space, cable TV and wired broadcast connections, a balcony, storage space, an auto-lock security system, a TV monitor intercom, security cameras, and fire alarms. Special features of the building include tiled exterior walls and a patrolling building manager. The monthly management fee is 6,870 yen, and the repair reserve fund is 7,800 yen. The property has a land rights type of freehold (ownership). The property is located within walking distance of the Iwate Prefectural Office (3 minutes), Morioka City Hall (3 minutes), Uchimaru Medical Center (4 minutes), Morioka Castle Ruins Park (5 minutes), and the Odori shopping street (7 minutes). The nearest bus stop is a 4-minute walk, while Morioka Station is a 23-minute walk away.
