The subject is a multi-family residential building, located in Fukushima Prefecture, Kitakata City. The building, with a steel structure, was built in 1986, has 4 floors and consists of 12 residential units. The land on which the property is located is owned. The property has 12 parking spaces. Currently, the building is fully rented, which provides a stable and high income from the investment at a level of 16.09%.
Kitakata, a city located in Fukushima Prefecture, is primarily known for its exceptional craftsmanship and ramen culture. As one of the three main ramen cities in Japan, Kitakata offers visitors a rich selection of establishments serving this specialty, characterized by thick, flat noodles in a light soy broth. Strolling through the streets of the city, one can find numerous ramen restaurants that uphold traditional recipes and cooking techniques. Also characteristic of Kitakata are the historical warehouses known as "kura." These sturdy, whitewashed buildings made of clay and wood once served as rice and commercial storage, but now serve various functions – from art galleries to dining establishments. The city cherishes its artisan heritage, and visitors can admire local workshops where traditional ceramic and lacquered products are made. In the vicinity of Kitakata, there are also many picturesque places that encourage exploration. The Iide Mountains offer excellent hiking opportunities and stunning views. In the spring season, this region attracts cherry blossom lovers – the blooming cherry trees create a delightful scenery. It is also worth visiting the nearby hot springs, where one can relax while enjoying the beauty of the surrounding nature. Kitakata also hosts numerous festivals that bring local traditions and culture closer to tourists, such as the Ramen Festival, where various versions of this dish can be tasted, or the Snow Festival, where beautifully carved snow sculptures can be admired. Kitakata, with its rich history and unique atmosphere, is a place worth visiting to feel the true spirit of Japan.
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