Investment Opportunity: Single-Family Home in Niihama, Ehime

This property presents a compelling investment opportunity as a single-family home currently under tenancy. Located in Niihama City, Ehime Prefecture, the house was built in May 1963. The land area is a substantial 88.59 square meters (approximately 26.79 tsubo), while the building itself covers 36.36 square meters (approximately 10.99 tsubo). The layout is a 3K configuration, consisting of three rooms and a kitchen. The structure is a single-story wooden building situated on flat land in a Category I Residential Zone, with a building-to-land ratio of 60% and a floor area ratio of 200%.

Key equipment and features of the property include a separate bath and toilet, a bathroom with a window, and flooring throughout. It is connected to both public water supply and sewer systems. A special note is that the property is currently tenanted, facilitating an immediate income stream. The estimated annual rental income is 324,000 yen, which, against the asking price of 1.1 million yen, projects a high gross yield of approximately 29.45%. The transfer of ownership is available upon consultation.

The property is conveniently located, with the Ehime Rosai Hospital (a major workers' compensation hospital) just a 3-minute walk away. The area offers good daily amenities, including supermarkets and drugstores within a short walking distance. For a broader regional attraction, residents can easily visit the stunning Shikoku Karst, a high-altitude grassland plateau known for its unique limestone formations and hiking trails, located within Ehime Prefecture. Niihama itself is an industrial city with a rich history in copper mining, famously hosting the vibrant Niihama Taiko Festival, one of Japan's most dynamic and powerful drum festivals.