Multi-Unit Residential Property in Hokuto, Hokkaido
This property is a three-story wooden structure with partial steel framing, located at 4 Nanaehama, Hokuto City, Hokkaido. The building was completed in January 1992 and offers a total floor area of 315.9 square meters, which includes a 110.16 square meter garage on the first floor. The land area is 461.86 square meters, and the property has a north-west facing frontage on a 5.7-meter-wide road. The building rights are freehold (ownership type).
The property is an owner-change (オーナーチェンジ) investment opportunity, currently with 5 out of 8 units occupied as of May 2024. The estimated annual income when fully occupied is 4,056,000 yen, representing a yield of 13.52%. There are also three additional parking spaces available for rent at 5,000 yen per month each. The property includes a garage on the first floor with space for eight cars. The layout is a 2LDK (two bedrooms plus living, dining, and kitchen area), and the building is three stories or higher.
The property is situated a 2-minute walk from the "Nanaehama Ekidori" bus stop, served by the Hakodate Bus line. The area is zoned as semi-industrial. The property uses individual LPG for gas, and the main sewer system is connected. There are regulations under the Landscape Law and the Aviation Law that apply to this property.
