Investment Opportunity in Chitose: A Corner Property with Stable Rental Income
This detached house, located in Kotobuki 1-chome, Chitose City, Hokkaido, presents a compelling opportunity for those considering stable real estate investment. The property is currently tenanted and is projected to generate an annual rental income of 888,000 yen, offering a gross yield of 6.34%.
Situated on a corner lot with frontage on 8.0-meter-wide public roads to the north and east, the property benefits from excellent sunlight exposure. The building, a single-story wooden structure completed in October 1968, offers a floor area of 66.24 square meters with a 3LDK layout. The land area is 263.33 square meters. Essential equipment includes a system kitchen, a warm-water washlet toilet, air conditioning, and an FF (forced-flue) heater, all of which are key amenities for rental demand.
The location offers convenient access, being a 3-minute walk from the bus stop at "Higashibutai Kotobuki 1-chome." It is also a 3.7 km drive from Chitose Station on the JR Chitose Line. The property is zoned for quasi-industrial use and is connected to public water, public sewage, and individual LPG gas. There is no parking available. The land rights are freehold.
