Investment Opportunity in Ueda: A Well-Maintained 2LDK Apartment with Strong Rental Yield
This property is a 2LDK apartment for sale located in Ueda City, Nagano Prefecture. The apartment is situated on the 2nd floor of a 5-story steel-framed building constructed in November 1988. The private floor area is 51.09 square meters (approximately 15.45 tsubo), and the unit features a 2-square-meter balcony with a southern exposure, ensuring good natural light. The building is managed by a full outsourcing and patrol management company, K.K. Ki.
Key financial details include an asking price of 4.2 million yen. The property is currently tenanted, generating a projected annual rental income of 575,800 yen, which translates to a strong gross yield of approximately 13.7%. Monthly running costs include a 6,000 yen management fee and a 4,000 yen repair reserve fund. Parking is available at no additional charge. The property is an owner-change listing, indicating a direct sale from the current owner.
Equipment and features of the apartment include a corner unit location, city gas supply, and an elevator in the building. Special notes confirm that the transaction is a general agency, and the floor plan prioritizes the actual current condition of the property. The land is designated as a Category II Medium-to-High-Rise Exclusive Residential Zone under the Building Standards Law.
The surrounding area of Ueda's Zaimokucho district offers excellent convenience. Daily necessities are within easy reach, with a Seven-Eleven convenience store just 46 meters away and major supermarkets like Tsuruya and Aeon Style within a kilometer. The location is also served by the Hokuriku Shinkansen at Ueda Station, approximately a 21-minute walk away, providing high-speed rail access to Tokyo and other major cities. An interesting local fact is that Ueda is historically known as a castle town, centered around Ueda Castle, which was a strategically important site during the Sengoku period. The closest major landmark is the historic Ueda Castle, a popular tourist attraction known for its stone walls and cherry blossoms.
