Investment Property in Iwaki City: A Five-Story Building with Nine Studio Units
This property is a five-story steel-framed building located in the Yumoto area of Iwaki City, Fukushima Prefecture. It offers a unique investment opportunity as it contains nine studio (1R) residential units on the upper floors, alongside a large communal hall on the second floor and a coin laundry facility with four machines. The building sits on a substantial 1,058.59 square meter plot of land and has a total floor area of 506.83 square meters. The land rights are freehold.
The property is situated in the Yumoto-eki-mae district, which is undergoing redevelopment. It is an eight-minute walk from Yumoto Station on the JR Joban Line, offering convenient access. The area is known for its hot spring town and cosplay culture. The building was constructed in February 1977. The property features parking for 18 to 19 cars. Utilities include public water supply, an individual septic tank, and individual LPG gas. The building has been renovated inside. The property is in a commercial zone with a building coverage ratio of 80% and a floor area ratio of 400%. There are regulations under the Landscape Law.
