Investment Opportunity: Duplex Apartment in Iwaki, Fukushima

This property is a two-unit wooden apartment building located in a quiet residential area of Izumigaoka, Iwaki City, Fukushima Prefecture. The building sits on a corner plot with a land area of 364.59 square meters and a total floor area of 125.87 square meters. Constructed in November 1990, the building is a single-story structure. The property is being sold as an owner-change (occupancy change) investment, with the current tenant in place. The layout consists of two units, each a 3DK (three rooms plus a dining-kitchen area). The property features a spacious parking area for three cars, which is popular with residents.

The kitchen in the B-unit was renovated in March 2025, and the vanity in the B-unit was also renovated in March 2025. Each unit is equipped with propane gas, air conditioning, a hot water supply, a dedicated toilet, a separate bathroom and toilet, a shower, a reheating function for the bath, an indoor washing machine space, a BS antenna terminal, and storage space. The property is a corner lot with road frontage on the south (public road, 6m wide) and east (public road, 6m wide). The building faces a park. The property is located in a Category 1 Low-Rise Residential Zone, with a building coverage ratio of 50% and a floor area ratio of 80%. The nearest station is JR Joban Line 'Izumi' Station, which is a 34-minute walk away. The property is also near Iwaki City Izumikita Elementary School and Izumi Junior High School.