Investment Opportunity with Rental Income in Otaru, Hokkaido
This property presents a unique investment opportunity: a detached house currently tenanted, offering immediate rental income with an owner change. Located on a corner plot with good views, the house was built in June 1979 and features a wooden structure with two above-ground stories. The layout is a spacious 4SLDK, comprising two Japanese-style rooms (8-tatami and 6-tatami) and two Western-style rooms (both 6-tatami), along with a combined living, dining, and kitchen area of 15 tatami mats. The total building area is 130 sqm (approximately 39.32 tsubo), situated on a land area of 175.14 sqm (approximately 52.97 tsubo).
Key features and equipment include a parking space, a washlet toilet, propane gas, electricity, and public water and sewage systems. Important special notes from the agent have been translated: the boundary marker on the northeast side is unconfirmed; an oil tank encroaches onto the southern neighboring property; and the date of a building extension is unknown. The property is designated for sale as an existing detached house with an annual projected rental income of 660,000 yen and an estimated yield of 10.15%.
The property is situated in the Hoshino-cho district of Otaru City, Hokkaido. The area is well-connected, with Hoshimi Station on the Hakodate Main Line approximately a 20-minute walk away. Otaru is a historic port city famous for its beautifully preserved canal district, glassworks, and music box museum, offering a charming blend of history and culture. A major landmark nearby is the scenic Otaru Canal, a symbol of the city's prosperous past as a herring fishing and trading hub, now lined with converted stone warehouses housing shops and restaurants.
