Investment Opportunity: Renovated 4DK Apartment in Isahaya, Nagasaki

This property is a 4DK apartment located on the 5th floor of the 5-storey "Nishi-Isahaya Heights D Building" in Isahaya City, Nagasaki Prefecture. Built in September 1977, the unit boasts a generous private floor area of 73.84 sqm (approximately 22.33 tsubo). The apartment underwent a full interior renovation in February 2023, including the bathroom, resulting in a bright and clean impression throughout. It is currently tenanted, making it an ideal owner-change investment opportunity with a projected annual rental income of 491,700 yen and an attractive gross yield of approximately 14.05%.

Key features and equipment include a separate bath and toilet, a washbasin, and lighting fixtures. Special notes from the agent highlight that the land is under ownership rights (a 2/40 share). The apartment comes with one dedicated parking space, with the possibility of a second space available for light vehicles only at 3,000 yen per month (subject to availability). Additional amenities include a private storage shed and a flower bed. Monthly fees consist of 4,000 yen for management and 11,000 yen for repair reserve funds.

The property is situated in the Shiraiwacho area of Isahaya City. Isahaya is a city known for its rich history and natural beauty, famously located near the stunning Isahaya Bay, a large tidal flat that is a vital ecosystem for migratory birds. The area offers a blend of urban convenience and access to nature. The closest major landmark is the historic Isahaya Castle Ruins (Isahaya Park), a scenic spot that provides panoramic views of the city and is particularly beautiful during cherry blossom season.