Investment Opportunity: Two Detached Houses in Ibusuki, Kagoshima
This property offering comprises two detached houses located in the Jūnichō (Oda area) of Ibusuki City, Kagoshima Prefecture. The properties are being sold as a set, making this an ideal opportunity for those looking to enter the rental property business. The combined monthly rental income from both units is currently 85,000 Japanese yen, yielding a gross return of 10.2%.
The first building is a single-story wooden structure with a cement tile roof, originally built in 1962 (Showa 37). It underwent a significant renovation in July 2020 (Reiwa 2). The second building is a two-story wooden structure with a cement tile roof, built in 1983 (Showa 58). The roof and exterior walls of this building were repaved in 2023 (Reiwa 5). The current owner has diligently performed maintenance on both properties, ensuring they remain in functional condition. The total floor area for the first building is 76.40 square meters, and for the second is 75.60 square meters. The land area is 313.50 square meters.
The property features a gas water heating system using propane gas, and the drainage system is connected to the public sewer. Parking is available. The layout details are not specified, but the properties are located in the popular Tanba Elementary School district. Both units are currently occupied, so internal viewings are not possible. The properties are situated on flat land and are classified under the first type medium-to-high-rise exclusive residential zone within the non-drawn city planning area.
