Investment Opportunity: Owner Change Property in Iwamizawa, Hokkaido

This property is a two-story wooden detached house built in July 1978, currently offered for sale as an owner change investment. The land area is a substantial 250 sqm (approximately 75.62 tsubo), with a building area of 74.11 sqm (approximately 22.41 tsubo). The layout is a functional 3LDK, providing ample living space. A key feature is the presence of a free-of-charge parking space. The property is currently tenanted, ensuring immediate rental income upon purchase, with an estimated annual rental income of 468,000 yen and a projected yield of 10.4%. The land rights are ownership, and the land category is classified as miscellaneous land within an urbanization promotion area and a Category I Medium-to-High-Rise Exclusive Residential District. The building-to-land ratio is 60% with a floor area ratio of 200%.

Special notes from the agent highlight that this is an owner change property. The terrain is flat, and the property is subject to the Land Readjustment Law. There is a set-back requirement, and other legal restrictions apply. The property is eligible for re-building. Details regarding building confirmation, the construction company name, inspection, defect warranty, defect insurance, equipment warranty, performance evaluation, and renovation are not specified. The transaction method is exclusive agency.