Investment Apartment Building in Nagasaki City
This property is a two-story wooden apartment building located in Nishiyama 3-chome, Nagasaki City, Nagasaki Prefecture. The building comprises two residential units, one on each floor, and is currently fully tenanted, generating a stable annual income of approximately 864,000 yen. This represents a gross yield of 18% based on the asking price.
The apartment offers a 2K layout for each unit. The first floor unit is currently rented for 40,000 yen per month, and the second floor unit for 32,000 yen per month. The building features a separate bathroom and toilet. In June 2023 (Reiwa 5), the toilets were renovated from Japanese-style to Western-style, the bath heater was replaced, and the water heater was also replaced.
The property sits on a land area of 99.17 square meters, with a total floor area of 91.11 square meters. The first floor measures 45.31 square meters and the second floor 45.8 square meters. The building was constructed in March 1978 and has a wooden structure. The land rights are freehold. The property is located in a Category 1 residential zone within an urbanization area. The building coverage ratio is 60% and the floor area ratio is 200%.
The property is an owner-change (owner-occupied) sale, meaning the new owner will take over the existing tenant contracts. The property is situated in a quiet residential area with good sunlight exposure. It is a 4-minute walk from a nearby bus stop and a 4-minute walk from a supermarket. The nearest train station is Suwa Shrine Station on the Nagasaki Electric Tramway Hotarujaya Line, which is a 20-minute walk away. The property does not have parking.
