Investment Opportunity: Single-Story Rental House with Garage in Nogata
This property presents a compelling investment opportunity as a single-story detached rental house, currently tenanted and generating stable monthly income. The property is listed for sale at 6,800,000 JPY, facilitating an owner change. The current tenant pays a monthly rent of 57,000 JPY, with rental payments guaranteed and remitted by a rent guarantee company (J-Lease). The annual projected yield is an attractive 10%, based on a projected annual income of 684,000 JPY.
The house underwent a major renovation in 2020 and was originally built in June 1998, making it approximately 27 years and 9 months old. It is a wooden structure with some reinforced concrete elements. The layout is a 2DK, comprising a Japanese-style room (6 tatami mats), a Western-style room (6 tatami mats), a dining-kitchen area (7 tatami mats), an other room (6 tatami mats), and a sunroom (4 tatami mats). The total floor area is 70.36 sqm (approx. 21.28 tsubo). The land area is a generous 237.37 sqm (approx. 71.8 tsubo), situated in a Category I Residential Zone. The property features a garage for two cars, constructed with reinforced concrete and a wooden, tiled roof.
Key equipment and facilities include propane gas, hot water supply, a toilet, a separate bath and toilet, a shower, BS and CS antenna terminals, storage space, an indoor washing machine area, and a fire alarm. The property is connected to municipal water supply, and the toilet uses a simplified flush system. A critical note is that the price is non-negotiable. The fixed asset tax for the 2025 fiscal year (Reiwa 7) is 41,100 JPY. The property access is from the north side, facing a 3.5-meter wide public road with a frontage of 8.8 meters.
The property is located in the Yamabe district of Nogata City, Fukuoka Prefecture. Nogata is a city in the northern part of Fukuoka, known for its historical connection to the Chikuhō region's coal mining industry. An interesting local landmark is the Nogata Gion Yamagasa festival, a vibrant summer event with decorated floats. The area offers a blend of residential calm and local history. The closest major tourist attraction is the iconic Kawachi Wisteria Garden in nearby Kitakyushu, famous for its breathtaking tunnels of cascading wisteria flowers, which draw visitors from across Japan and the world during the spring season.
