Investment Opportunity: Tenanted Single-Family Home in Nogata City
This property presents a compelling investment opportunity as a tenanted single-family home located in Nogata City, Fukuoka Prefecture. The house is conveniently accessible, with Heisei Chikuho Railway's Nakazumi Station approximately a 5-minute drive away. The property is currently occupied by a tenant, generating an annual rental income of 564,000 yen, which translates to a surface yield of 20%. It is important to note that this yield is calculated by dividing the annual rental income by the purchase price and is based on income before deducting taxes, public charges, and common area fees. The current rental income is not guaranteed to continue into the future.
The property features a 2SLDK layout, which includes two bedrooms, a living room, dining room, and kitchen, plus one service room. The total building area is 88.19 sqm (approximately 26.67 tsubo), situated on a land area of 219.71 sqm (approximately 66.46 tsubo). The wooden structure was built in April 1982, making it approximately 43 years and 11 months old. It is a single-story house. The property is equipped with propane gas. The road access details specify a 4-meter wide public road to the north, with a frontage of 4 meters. Please be advised that because the property is "currently tenanted," interior viewings are not possible. A sales agent is available to provide explanations. Their business hours are from 10:00 to 16:00, closed on Wednesdays and the 2nd and 3rd Tuesdays of each month, and inquiries by phone are smoothly handled during these hours.
The area of Nogata City offers a blend of residential calm and accessibility. An interesting local fact is that Nogata is part of the larger Chikuhō region, historically known for its coal mining industry, which played a vital role in Japan's industrialization. Today, the region is known for its natural beauty and hot springs. The closest major tourist attraction is the renowned Kawachi Wisteria Garden in nearby Kitakyushu, famous for its breathtaking, colorful tunnels of wisteria flowers that bloom spectacularly in spring, drawing visitors from across the country and around the world.
