Property Overview: Investment Apartment Building in Hitachi, Ibaraki
This property is a two-story lightweight steel apartment building located in Hitachi City, Ibaraki Prefecture. The building comprises four residential units and is currently tenanted, presenting an investor with an immediate income stream through an owner-change (オーナーチェンジ) arrangement. The total land area is 422.34 square meters, which is divided into two parcels: Lot No. 7 with an area of 162.87 square meters and Lot No. 8 with an area of 259.47 square meters. The total floor area of the building is 119.38 square meters. The building was constructed in April 1984.
The property is situated in the Jōnan-chō 1-chōme area of Hitachi. It is approximately 2,300 meters on foot from JR Joban Line's Hitachi Station. The surrounding area is designated as a quasi-commercial district under city planning, with a building coverage ratio of 60% and a floor area ratio of 200%. The land is flat and registered as residential land.
Access to the property is via a private road to the south, which has a width of 2 meters. This road is privately owned and classified as a public thoroughfare (公衆用道路). An annual usage fee of 2,000 yen is applicable for this road. For any reconstruction, large-scale repairs, or construction requiring a building confirmation application, written consent is required from both the owner of this access road and all owners of adjacent land parcels. The purchase price of 8.8 million yen is broken down as follows: 5.6 million yen for Lot No. 7, 1 million yen for Lot No. 8, and 2.2 million yen for the building itself. The property is listed as a dedicated exclusive mediation listing.
