Investment Opportunity in Otaru: High-Yield Rental Property in Quiet Residential Area

This property presents a compelling investment opportunity in the historic port city of Otaru, Hokkaido. Currently tenanted and generating a stable monthly income of 65,000 yen, this detached house offers an impressive annual yield of 11.14%. The property is a 4LDK wooden structure built in June 1996, featuring three stories above ground with a total floor area of 192.93 sqm (approx. 58.36 tsubo) on a land plot of 179 sqm (approx. 54.14 tsubo). The location is within a quiet residential neighborhood, ensuring a good living environment.

Key equipment and features include city gas, electricity, and public water and sewage systems. Special notes from the agent clarify important conditions: the annual fixed asset tax for Reiwa 7 is 64,600 yen, and the sale reason is asset disposition. The property is sold 'as-is' with no repairs or renovations to the main building or attached facilities, and no land clearing, grading, or tree felling. The property boundaries are not explicitly marked. Building confirmation and final inspection documents are available. There is no issue with snow accumulation. The property includes parking for three or more vehicles (subject to vehicle type).

The area of Otaru is famous for its beautifully preserved canal district, historic stone warehouses, and glassworks. An interesting fact is that Otaru was once the financial center of Hokkaido in the early 20th century, earning it the nickname 'Wall Street of the North.' The closest major landmark is the scenic Otaru Canal, a beautifully preserved waterway lined with old warehouses that are now shops and museums, located approximately 2.5 kilometers from the property.