Investment Opportunity in Wakayama City: A Vacant Apartment Building
This property is a vacant apartment building located in Shin-Wakaura, Wakayama City, Wakayama Prefecture. The building is a two-story wooden structure with some block elements, comprising a total floor area of approximately 214.23 square meters. The land size is 109.61 square meters. The building has approximately 11 rooms, all of which are currently vacant. Due to the age of the property, it is being sold on a no-claim basis. One room has had its interior demolished. The building features a spacious rooftop that offers a pleasant environment surrounded by nature.
The property is situated at the far end of the Shin-Wakaura settlement, accessed via narrow alleyways that are not directly reachable by car. The surrounding area is also largely vacant. It is expected that at least 5 million yen will be needed for renovations. The asking price is 2,500,000 yen. This is a sale of the property as-is, based on public records.
