Kodo Apartments: A 10-Unit Investment Property in Shimonoseki
This listing presents Kodo Apartments, a 10-unit wooden apartment building located at 17-2 Hikoshima Amagomachi, Shimonoseki City, Yamaguchi Prefecture. The property, built in July 1970 (55 years and 8 months old), offers a significant investment opportunity with a projected annual yield of 53.4% and an estimated annual rental income of 2,136,000 yen. The building spans two stories with a total floor area of 423.24 sqm (approximately 128.03 tsubo) on a land plot of 318.24 sqm (approximately 96.26 tsubo).
Critical agent notes have been provided and are translated as follows: ※ The exact year of new construction is unknown (the listed construction date represents the year of a major renovation). ※ The projected annual rental income is calculated based on the current rental terms assuming all units are occupied. ※ Currently, 1 out of 10 units is occupied.
The property is currently under tenancy and is being sold as an owner-change opportunity. It features a wooden structure and is situated in a residential zone. There is no on-site parking provided. The nearest major train stations are the JR Sanin Main Line Shimonoseki Station and the JR Sanyo Main Line Shimonoseki Station, both approximately a 37-minute walk away.
The area of Shimonoseki is historically significant as the location of the signing of the Treaty of Shimonoseki in 1895, which ended the First Sino-Japanese War. A major nearby landmark is the iconic Kanmon Straits, a busy waterway separating Honshu and Kyushu, which is famous for its whirlpools and the Kanmon Bridge offering spectacular views.
