Spacious Investment Property with High Yield in Ojiya, Niigata
This property is a substantial investment opportunity located in Ojiya City, Niigata Prefecture. The building is a two-story SRC (steel-reinforced concrete) structure built in January 1968, offering a total floor area of 184.48 sqm (approximately 55.8 tsubo) with a 3K layout. The land is exceptionally large, with a registered area of 2,679.24 sqm (approximately 810.47 tsubo), designated as residential land in an adjustment area with no specific use district. The main source of natural light is from the east.
Key features and equipment include a bathroom that is 1 tsubo or larger. Special notes indicate that this property comes with additional assets in Kamo City, Tsubame City, and Kariwa Village, Kariwa District. Details will be provided upon inquiry. The transaction is to be conducted in its current condition ('as-is'). The property is currently tenanted, ensuring immediate rental income. The projected annual rental revenue is 480,000 yen, resulting in an impressive forecasted yield of 96%. Parking is available for three or more vehicles at no extra cost.
The Ojiya area is part of the scenic Niigata region, famous for its high-quality rice and sake production. An interesting local fact is that Ojiya is known for its traditional 'Ojiya Chijimi' linen, a craft with a history spanning over 300 years. The closest major landmark is the majestic Shinano River, Japan's longest and widest river, which flows nearby and offers beautiful riverside scenery and recreational activities.
