Vintage Investment Opportunity with Immediate Rental Income in Maizuru, Kyoto

This property presents a unique owner-change investment opportunity in Maizuru City, Kyoto Prefecture. The listing is for a vacant house (akiya) with two existing rental units and land rights already generating monthly income. The total monthly rental income is 96,900 yen, broken down as follows: land rent of 10,900 yen, rental house #1 at 46,000 yen, and rental house #2 at 40,000 yen. The property includes parking and is located approximately 8 minutes by car from Nishimaizuru Station, offering good living convenience.

The property is a wooden, tile-roofed two-story building constructed in December 1979 (Showa 54). The land size is 779 square meters with a building area of 84.22 square meters. It is sold in its current condition, including any remaining items on the land. The seller has specified the judicial scrivener to be used for the transaction. A rent roll document is not available. The infrastructure, as reported by the previous owner, includes public water supply, a cesspool septic system, and propane gas.

A critical note is that the tenants are currently in the process of signing formal lease agreements. This setup means the new owner can start receiving rental income immediately after acquisition without the hassle of initial tenant recruitment, making it an attractive option for investors seeking stable returns.

The Maizuru area in northern Kyoto is known for its rich naval history and stunning coastal scenery along the Sea of Japan. An interesting local fact is that Maizuru is home to one of Japan's few remaining Red Brick Warehouses (Akarenga Soko), a group of historic buildings from the early 20th century that now house museums, shops, and restaurants. The closest major landmark is the scenic Amanohashidate, one of Japan's "Three Scenic Views," a pine-covered sandbar spanning Miyazu Bay, located about an hour's drive from the property.