Investment Opportunity: Multi-Unit Building in Sasebo, Nagasaki
This property, known as Minami-to Heights, is a reinforced concrete (RC) apartment building located in Sasebo City, Nagasaki Prefecture. It presents an attractive investment opportunity for those seeking a high-yield income property. The building is situated in a convenient area with good access to central Sasebo. The total land area is 255.16 square meters, and the building has a total floor area of 371.32 square meters, spread over three floors. The first floor is 151.43 square meters, the second floor is 124.78 square meters, and the third floor is 95.11 square meters. The building was constructed in September 1983 and contains a total of 13 units.
The property is a corner lot with access roads on the north and east sides, both of which are paved and have designated positions. It is located in a Category 1 exclusive residential zone within an urbanization promotion area. The building coverage ratio is 60% and the floor area ratio is 200%. The land is flat and rectangular in shape. Parking is available for three or more cars, free of charge, in a self-parking (flat) style without a roof.
Regarding utilities, the building is connected to city gas, city water, and city sewer systems. Each unit features a combined bathroom and toilet, as well as a shower. The property is currently being rented out and will be transferred as an owner-change (オーナーチェンジ) transaction, meaning the new owner will take over the existing lease agreements. The annual yield is reported at 48%, with an annual income of 5.76 million yen. It is important to note that due to the age of the building, there is considerable deterioration in the water supply and drainage pipes, as well as waterproofing. The property will be handed over in its current condition.
