Investment Apartment Building in Maebashi, Gunma
This property is a multi-unit apartment building located in Maebashi City, Gunma Prefecture. The building is a steel-framed structure with four floors above ground and one basement level, completed in April 1993. It comprises a total of 23 residential units. The land area is 503.63 square meters, and the total building floor area is 1190.64 square meters. The property is situated on a corner lot, bordered by a public road to the north and another public road to the west. The primary exposure for natural light is to the south.
The property is currently tenanted and is being offered as an owner-change investment opportunity. According to the listing details, the current occupancy rate is full, yielding a return of 9.42%. The annual projected rental income is 12,718,000 yen. When fully occupied, the estimated monthly rent is 1,139,000 yen, and the estimated annual rent is 13,678,000 yen, which would represent a yield of 10.13%. The property includes a condition regarding the succession of the gas company contract. The land is zoned for a first-class medium-to-high-rise residential district, with a building coverage ratio of 60% and a floor area ratio of 200%. The land shape is flat.
The building is equipped with air conditioning, an elevator, dedicated toilets, separate bath and toilet, and an indoor washing machine storage area in each unit. The nearest station is Maebashi-Ōshima on the Ryōmō Line, which is a 24-minute walk from the property. The city of Maebashi is the capital of Gunma Prefecture and offers a range of urban amenities.
