Investment Opportunity: Four Rental Houses Near Nakakaruizawa Station
This property consists of four wooden two-storey rental houses, built in March 2015, located in the Nakakaruizawa (Northern) area of Karuizawa, Nagano Prefecture. Each unit features a 3LDK layout with a total floor area of 84.46 m², set on a land area of 1,359.71 m². The property is situated approximately 800 meters (about a 10-minute walk) from Nakakaruizawa Station on the Shinano Railway Line, and is located behind the Karuizawa Town Hall.
Equipment/Facilities: Electricity is provided by Chubu Electric Power. Gas is individual propane gas. Water is from the public water supply. Hot water is gas-powered. Sewage and wastewater are connected to the public sewer system.
Special Notes/Remarks: The property is currently tenanted (all four units occupied), so internal inspections are not possible. The current lease agreements must be taken over by the new owner. The lease is a standard building lease agreement. The total monthly rent is 689,000 yen, with an estimated annual income of 8,268,000 yen (gross yield of 2.2%). This yield is the ratio of the projected annual rental income to the property price, and does not deduct property taxes or other maintenance costs. The estimated annual income is based on the projected rental income for the currently tenanted units. The company does not guarantee that this income will be achieved. The sewage drainage pipes for units ③ and ④ run through the adjacent land to the northwest. The water supply for unit ④ also runs through the adjacent land to the northwest. The land area includes 144 m² of shared passageway. Some photographs used are from the time of rental recruitment.
The property is on flat land and is surrounded by moderate greenery, making it suitable for both permanent residence and vacation home use. Each unit features a spacious living room, a functional kitchen, ample storage space, a clean washroom, a bathroom, and a wood deck suitable for BBQs. The property also includes a carport. Nearby amenities include Chigataki Onsen (approx. 2.4 km), Hoshino Onsen (approx. 1.9 km), Super Tsuruya (approx. 2 km), Harunire Terrace (approx. 1.5 km), and Nakakaruizawa Station (approx. 800 m).
