Investment Opportunity: Multi-Unit Apartment Building in Chuo, Niigata City

This property is a seven-story steel-reinforced concrete apartment building located in the Chuo ward of Niigata City, Niigata Prefecture. The building was constructed in February 2019, making it a relatively new structure. It comprises a total of 35 residential units, with 29 units being 1K layouts and 6 units being 1LDK layouts. The total floor area is approximately 1,219 square meters, with each floor from the second to the seventh having a floor area of 172.23 square meters, and the first floor measuring 185.78 square meters.

The property sits on two parcels of land, both zoned for commercial use, with a total registered land area of 216.19 square meters each. The building-to-land ratio is 80%, and the floor area ratio is 400%. The property is currently occupied. The location is in the Teraura-dori area of Chuo-ku, Niigata City. Access to the property includes being approximately 2.4 kilometers northwest of JR Shinetsu Main Line's Niigata Station. Other nearby stations include JR Echigo Line's Hakusan Station (approximately 1.33 kilometers northeast) and JR Hakushin Line's Niigata Station (approximately 2.04 kilometers northwest). The base bid price for this court auction property is 214,120,000 yen, with a minimum bid price of 171,296,000 yen. The gross yield is reported at 9.1%.