Investment Opportunity: Apartment Building in Yonezawa, Yamagata
This property is a four-story reinforced concrete apartment building located in the Fukudamachi 2-chome area of Yonezawa City, Yamagata Prefecture. The building was constructed in October 2002 and comprises a total of 11 residential units. The total floor area is 507.72 square meters, situated on a land plot of 330.65 square meters. The land is zoned as Category 2 Medium-to-High-Rise Residential District, with a building coverage ratio of 60% and a floor area ratio of 200%. The site is flat and faces a 6.4-meter-wide public road to the east.
The building is equipped with an elevator for resident convenience. Parking is available for three cars. The property is currently tenanted. According to the agent notes, the gross surface yield, assuming full occupancy and including common area fees, is estimated at 9.5%. Ownership rights are freehold. The building is a 4-minute walk from Yonezawa Station on the Yamagata Shinkansen line, providing convenient access to regional transport. The property is offered for sale at 80,000,000 yen.
