Investment Property Portfolio in Yonezawa, Yamagata
This is a comprehensive investment opportunity involving the bulk sale of multiple income-generating properties located in Yonezawa City, Yamagata Prefecture. The portfolio includes a main apartment building, an additional apartment building, and an office building, all situated on a single plot of land. The property is situated at 1-chome, Gobyō, Yonezawa, a 10-minute walk from Nishi-Yonezawa Station on the Yonesaka Line.
The main building is a two-story wooden structure constructed in February 1998, with a total floor area of 437.10 square meters. It contains 10 units. A second, identical two-story wooden apartment building, also built in February 1998, is located on the same site and comprises an additional 10 units, for a combined total of 20 apartment units. The current yield for these two apartment buildings, inclusive of common area fees and parking fees, is 12.14%. The property also includes a separate two-story wooden office building, built in February 1998, with a floor area of 68.31 square meters.
The total land area is 984.39 square meters. The property has frontage on two public roads (excluding corner lots): a 4.5-meter-wide road to the northwest and a 4.5-meter-wide road to the southeast. Parking is available for three cars. The property is under the jurisdiction of the first category medium-to-high-rise residential zone, with a building coverage ratio of 60% and a floor area ratio of 200%. The land is flat. The property is currently tenanted.
Equipment includes air conditioning, separate bathroom and toilet, and CATV. There is a security guard who patrols the property. The transfer date is negotiable. This sale is handled through a general mediation contract by Aoyama Real Estate, located in Yonezawa City.
