Investment Opportunity: Queen's Palace Akasako, a Multi-Unit Apartment Building in Nagasaki

This property, Queen's Palace Akasako, is a multi-unit apartment building located at 3-13-19 Akasako 3-chome, Nagasaki City, Nagasaki Prefecture. It is a wooden structure built in September 1990, featuring two stories above ground and a total of 24 residential units. The building sits on a land area of 684 square meters (approximately 206.91 tsubo) and has a total floor area of 458.72 square meters (approximately 138.76 tsubo).

The property is currently tenanted and is being offered as an owner-change investment opportunity. It boasts a gross yield of over 15%, with an anticipated annual rental income of 10,280,000 yen based on full occupancy. The property includes parking for 23 vehicles, with a monthly fee of 5,000 yen per space. However, it is important to note that a portion of the parking lot is used on leased land from a third party.

The building is equipped with air conditioning, unit baths (bath and toilet in the same room), an indoor washing machine space, and a loft. The property is managed by a continuing management company. Please be aware that the projected annual rental income and yield are based on assumptions of full occupancy. This property is categorized as a first-class residential zone within an urbanization promotion area, with a building coverage ratio of 60% and a floor area ratio of 200%. The nearest station is Michinoo Station on the Nagasaki Main Line, which is 480 meters away (approximately a 6-minute walk).