Affordable Investment Opportunity in Kitakyushu's Hachimanhigashi Ward

This property presents a unique investment opportunity in the Miyatacho area of Kitakyushu's Hachimanhigashi Ward. Priced at a remarkably low 2.1 million yen, this single-family home is currently tenanted, generating a monthly rent of 35,000 yen, which translates to an impressive 20% gross yield. The property is an older construction, built in September 1958, making it over 67 years old. It is a single-story wooden structure with a total floor area of 49.58 square meters, all on the ground floor. The land size is a generous 121.51 square meters. The layout is a 3DK, offering three rooms plus a dining-kitchen area.

Critical agent notes have been translated and provide essential details. The property is equipped with propane gas, a municipal water supply, and a sewer system. It features air conditioning, a window in the bathroom, a back door in the kitchen, and a window in the kitchen. Special notes indicate that interior renovations have been completed. A crucial point for potential buyers is that the property is designated as "non-rebuildable" (再建築不可), meaning the existing structure cannot be demolished and rebuilt. The current status is tenanted, and the transfer of ownership can be arranged immediately.

The property is situated in a residential zone within an urban planning area. It does not include a dedicated parking space, but monthly parking can be found in the neighborhood. The location offers convenient access to public transport, being an 8-minute walk from Edamitsu Station on the Kagoshima Main Line. The area is served by local schools, including Edamitsu Elementary and Edamitadai Junior High School.