Property Overview: Income-Generating Building in Ryugasaki, Ibaraki

This property is a two-story wooden apartment building located in the Kojunda area of Ryugasaki City, Ibaraki Prefecture. The building sits on a land area of 168.20 square meters and offers a total floor area of 110.12 square meters. Constructed in March 1982, the structure is built from wood and comprises one unit. The property is currently tenanted, with the current occupant having moved in on November 1, 2017, and paying a monthly rent of 65,000 yen. This makes it an ideal investment opportunity for an owner-change scenario.

The property is equipped with propane gas, air conditioning, a dedicated toilet, a separate bath and toilet, a shower, and an indoor washing machine storage space. There is parking available for two cars at no additional cost. The building faces a 6-meter-wide public road to the west, with a road frontage of 10.3 meters. The land is classified as residential land within an urbanization promotion area, with a building coverage ratio of 60% and a floor area ratio of 200%. The land shape is flat and regular. The property is located approximately a 26-minute walk from Ryugasaki Station on the Kanto Railway Ryugasaki Line. The surrounding area is a designated first-class medium- to high-rise residential zone.