Tenjin Heights – A Multi-Unit Investment Building in Kochi City

This property, Tenjin Heights, is a four-story reinforced concrete building located in Tenjin-cho, Kochi City, Kochi Prefecture. It is being offered for sale at 29,800,000 JPY and presents a unique investment opportunity as the building is currently fully occupied, achieving a yield of 9.86%.

The building has a total floor area of 240.16 square meters on a land area of 126.44 square meters. The first floor is dedicated to parking with space for six vehicles. The second floor is configured as a shop or office space. The third floor is a residence with an 18LDK layout plus a 7.5-tatami Western-style room, an 8-tatami Western-style room, and a 10-tatami Japanese-style room. The fourth floor is another residence with a 24LDK layout plus a 6-tatami Western-style room and a 4.5-tatami Western-style room.

Equipment and facilities include two or more air conditioners, storage space, a separate bathroom and toilet, an indoor washing machine space, a reheating function, a shower, hot water supply, city gas, two toilets, and toilets. Special notes indicate the property has been renovated and has parking for three or more vehicles. Renovation history includes kitchen, bathroom, toilet, washbasin, and water supply/drain pipes in May 2020; full interior renovation (floor, walls, ceiling, fittings) in May 2020; and exterior wall work in May 2020.

The property is located a 3-minute walk from the Umenotsuji bus stop. The building was constructed in January 1973. The property is a corner lot facing two roads: a 5.0-meter public road to the north and a 6.0-meter public road to the east. The land is owned with full title (shoyuken). Immediate possession is possible. The property is an owner-change (owner-change) with the current status being rented.