Investment Opportunity with Existing Rental Income in Isahaya, Nagasaki
This property presents a compelling investment opportunity, combining a residential rental building and a separate warehouse on a spacious corner lot. The existing residential building is currently fully occupied, generating a steady annual rental income of 1,430,400 yen. The property includes a large land area of 540.48 sqm (approx. 163.49 tsubo).
The facilities include propane gas, city water, sewer system, side ditches, electricity, a separate bath and toilet, and a shower. The property is a corner lot with road frontage to the south and west, both 3.5m wide public roads with pavement. Special notes detail the parking situation: part of the land is currently leased as monthly parking (for 7 cars). Additionally, there are 2 free parking spaces available for the property itself.
Further details from the agent notes: The land (part of which is leased as monthly parking and is fully occupied) is classified as residential land. The main residential building (currently fully tenanted) is a two-story wooden structure with tile roofing. The floor area is 118.67 sqm (approx. 35.89 tsubo) on the first floor and 15.17 sqm (approx. 4.58 tsubo) on the second floor, totaling 133.84 sqm (approx. 40.48 tsubo). Its construction history includes an extension in November 1967 (Showa 42), with subsequent modifications, partial demolition, fire damage, and further extensions in 1978 (Showa 53), 1980 (Showa 55), and an extension in August 1982 (Showa 57). The separate warehouse (currently used by the seller) is a single-story wooden structure with slate roofing, built on June 15, 2006 (Heisei 18), with a floor area of 42.00 sqm (approx. 12.70 tsubo). There is also parking space for approximately 2 cars available in front of the warehouse.
