Property Overview: A Mixed-Use Building in Joetsu City, Niigata

This property is a three-story steel-framed building located at Showa-cho 2, Joetsu City, Niigata Prefecture. It offers a unique owner-change (owner change) investment opportunity with a gross yield of 8.1%. The total floor area is 231.86 square meters on a land plot of 228.44 square meters. The building currently has two residential units and a first-floor shop, all of which are rented out. One unit is a 1DK layout, and the other is a 2DK layout. The total monthly rental income from these units is 102,000 yen (63,000 yen for one room and 39,000 yen for another). The property is situated in a convenient location within walking distance to supermarkets, drugstores, convenience stores, and restaurants. City gas is available, but the residential units are equipped with all-electric specifications. The property is a corner lot with good sunlight exposure and ventilation, featuring an IH cooking heater and an all-electric system. Parking is available for three or more cars. The building is located on a street with a width of over 6 meters, and the frontage is on the southeast side with a road width of 28.2 meters, and on the west side with a road width of 32.1 meters. The property was completed in February 1996. The land is under freehold ownership. The building coverage ratio is 60%, and the floor area ratio is 200%. The property is located in a Category 1 residential zone. Water is supplied by public waterworks, and sewage is via the main sewer system. The property is subject to regulations under the Landscape Law. The transfer date is negotiable. Additional costs include a fixed property tax of 164,909 yen per year and an agency fee of 561,000 yen.