Investment Apartment Building in Nagasaki's Nishiyama District
This property is a two-storey wooden apartment building located at Nishiyama 3-chome, Nagasaki City, Nagasaki Prefecture. The building comprises two residential units and is being sold as an owner-change (オーナーチェンジ) investment opportunity, meaning the current tenant leases are in place and the new owner will inherit the rental income stream.
The total land area is 99.17 square meters (approximately 30.00 tsubo), and the total building floor area is 91.11 square meters. The first floor measures 45.31 square meters, and the second floor measures 45.80 square meters. Each unit has a 2K layout, with the first floor featuring a kitchen and two 6-tatami Japanese-style rooms, and the second floor offering the same configuration.
The building was constructed in March 1978. Interior renovations were carried out in June 2023 (Reiwa 5), which included replacing the toilet from a Japanese-style squat toilet to a Western-style toilet, replacing the bath boiler, and replacing the water heater. The property enjoys good sunlight exposure (日当たり良好).
The nearest bus stop, Kyuba-tei, is approximately a 4-minute walk away, and a supermarket is also within a 4-minute walk. The Suwa Shrine tram stop on the Nagasaki Electric Tramway Hotarujaya Branch Line is approximately a 20-minute walk from the property. The land rights are freehold (所有権). The property is located in a Category 1 residential zone (第一種住居地域) within an urbanization area (市街化区域). The building coverage ratio is 60%, and the floor area ratio is 200%. Parking is not available.
As of June 18, 2024 (Reiwa 6), the property is fully occupied. The first-floor unit is rented for 40,000 yen per month, and the second-floor unit is rented for 32,000 yen per month. The total annual income is approximately 860,000 yen, yielding a return of approximately 18%. The property is available for immediate transfer.
