Investment Opportunity: Tenanted House in Kitakyushu's Nagainu District

This property presents a compelling investment opportunity in Kitakyushu, Fukuoka Prefecture. It is a single-story wooden house built in February 1967, currently tenanted and generating a steady income. The property is listed for 1.98 million yen and offers a projected annual yield of 15.15%, based on an annual rental income of 300,000 yen. The house features a 3DK layout with a total floor area of approximately 81.34 sqm (about 24.6 tsubo).

The property is equipped with city gas, electricity, water supply, sewerage, and side ditches. It includes a garden over 10 tsubo in size, a window in the bathroom, an entrance storage area, and a window in the kitchen. Special notes on road access detail that the property fronts a 0.5-meter-wide public road to the north, with a frontage of 0.5 meters.

Remarks from the agent provide crucial context: the property is currently rented for 25,000 yen per month, achieving the stated yield. The location is well-serviced, with Yume Mart Nagainu store a 7-minute walk away and a Lawson convenience store (Yahata Norimatsu 7-chome) within a 6-minute walk, ensuring daily necessities are easily accessible. The property falls within the catchment areas for Hae Elementary School and Nagainu Junior High School.

The Nagainu area offers convenient local living. An interesting historical fact about Kitakyushu is that it was formed in 1963 through the merger of five independent cities (Moji, Kokura, Tobata, Yahata, and Wakamatsu), creating one of Japan's first designated major cities. The closest major tourist attraction is the iconic Kokura Castle, located approximately a 20-minute drive away in Kitakyushu's Kokurakita Ward, featuring a beautiful main keep and traditional gardens.