Investment Apartment Building in Morioka, Iwate Prefecture
This property is a two-story wooden apartment building located in the Higashi-Kuroishino 2-chome area of Morioka City, Iwate Prefecture. The building comprises a total of 12 units and sits on a corner plot of land measuring 487.58 square meters. The total floor area of the building is 360.40 square meters. The building was completed in February 1995.
The property includes equipment such as a water heater, separate bathroom and toilet, and a shower. The site has a corner lot location with road frontage: to the east, it faces a 6-meter-wide public road, and to the north, a 4-meter-wide public road. The land is classified under the first category low-rise exclusive residential zone within the urbanization promotion area. The building coverage ratio is 50%, and the floor area ratio is 80%.
The property is currently being leased out, and the sale will involve an owner-change, meaning the existing lease agreements will be transferred to the new owner. The transaction is on an as-is basis, and the seller is exempt from liability for any non-conformity of the contract. The gross yield, as calculated by dividing the estimated annual income (based on full occupancy) by the purchase price, is a figure provided for reference only and does not guarantee that the current rental income will be consistently obtained in the future. This yield is calculated before deducting fixed taxes, public dues, and common area fees. The date of construction completion was February 1995.
