Three two-storey light-steel apartment buildings with 28 units (all 3DK), built in 1991 on approx. 1,990㎡ of land in Hanzaki, Wakayama, about a 14-minute walk from Fusaya Station on the JR Wakayama Line. Sold with tenants in place (owner change); 21 of 28 units occupied as of January 2026, per the listing materials. - Price: ¥120,000,000 - Income (as stated in the listing materials): current monthly rent ¥898,000, gross yield approx. 8.9%; projected monthly rent at full occupancy ¥1,178,000, gross yield approx. 11.7% (vacant units assumed at ¥40,000 per month). Rental income and yields are not guaranteed - Access: JR Wakayama Line, Fusaya Station approx. 14 min walk - Land: 1,989.85㎡ (registered, six lots), freehold, residential land; no private-road burden; east side faces a public road approx. 4.5 m wide (Building Standards Act Article 42-1-1 road, frontage 2 m or more) - Buildings: light steel frame with slate roof, 2 storeys, three buildings with 28 units in total; floor areas 586.96㎡ (built January 1991), 384.74㎡ and 390.60㎡ (both built July 1991), 1,362.30㎡ in total; built by Daiwa House, as stated in the listing materials - Units: 3DK (three Japanese-style rooms of 6, 4.5 and 4 jo, dining kitchen, bath, separate toilet, washroom, balcony); interior photos show unit 113 of Building II - Utilities: electricity, water supply, septic tank, propane gas - Parking: on-site parking - Zoning: urbanization promotion area, industrial zone, building coverage 60%, floor area ratio 200%; Article 22 fire-prevention area, Landscape Act area - Fixed asset taxes: ¥443,904 per year (FY2025) - Conditions: the judicial scrivener is designated by the seller - Current status: leased (owner change); handover negotiable