Weekend Renovation Project in Monbetsu, Hokkaido – A Turnkey Investment Opportunity

This property in Midorimachi, Monbetsu City, Hokkaido, was originally acquired as an abandoned house 43 years ago. The owner spent three years gradually renovating it on weekends, investing approximately 1 million yen in tasks such as replacing wallpaper, repairing flooring, maintaining water fixtures, and improving the exterior. The building is a two-story wooden structure with a zinc-plated steel roof, built in August 1973 (approximately 53 years old). It offers a total floor area of 93.96 square meters (68.04 square meters on the first floor and 25.92 square meters on the second floor) on a land area of 196 square meters. The layout is a renovated 2LDK, and there is parking for three cars. In March of this year, the property was listed for rent under special conditions allowing pets, DIY, and partial business use. It received nearly 10 viewing inquiries and was quickly contracted to the third applicant at a monthly rent of 65,000 yen. The property is now being sold as a tenanted investment (owner-change), with the rental income of 780,000 yen per year in place. The asking price is 4,800,000 yen, but the seller is open to negotiation. The property is located within walking distance of a supermarket and schools. Monbetsu City has experienced almost no earthquakes of intensity 3 or higher in recent years, and the area is outside the tsunami inundation zone. In winter, the city provides snow removal on the road in front of the property. The seller notes that while the surface has been maintained, the building shows its age. There is a risk of roof leaks, requiring mid- to long-term maintenance. The water fixtures have been repaired to a usable condition but will need full replacement in the future. The property is sold as-is, with no warranty for contractual defects, and a judicial scrivener will be present at settlement. The seller is a private individual and values finding the right person to take over this home.