Investment Opportunity: Spacious 6K Wooden House Near Nagoya Station

This property presents a solid investment opportunity: a two-story wooden house built in 1955, currently tenanted and generating a stable rental income. Located in the Ōshōchō 2-chome area of Nakamura Ward, Nagoya, the house offers a generous total floor area of 155.22 square meters (approximately 46.95 tsubo) on a land plot of 137.68 square meters (approximately 41.64 tsubo). The layout is a spacious 6K configuration, comprising six separate rooms: three Japanese-style rooms (6-jo, 6-jo, and 2-jo) and three Western-style rooms (6-jo, 6-jo, and 5-jo).

According to the agent's notes, the property is currently rented out. The annual projected rental income is 1,223,000 yen, yielding an estimated annual return of 12.23%. The land is held under an ordinary leasehold right (普通賃借権) with a monthly ground rent of 21,908 yen and a remaining lease term of 99 years and 11 months. The property is situated within an Urbanization Area (市街化区域) zoned as Category II Residential (第二種住居地域), with a building-to-land ratio of 60% and a floor area ratio of 200%. The agent also notes that the floor plan provided prioritizes the current condition of the property.

The area boasts excellent accessibility, being approximately 10 minutes from the major transport hub of Nagoya Station. The neighborhood is well-serviced with daily conveniences, including a convenience store, drugstore, gas station, and a supermarket nearby. For an interesting local fact, Nakamura Ward is the birthplace of Toyotomi Hideyoshi, one of Japan's great unifiers, and a major statue commemorating him stands at nearby Hideyoshi's Mound (豊国さん). The closest major landmark is the iconic Nagoya Station, a vast transportation and commercial complex and home to the twin towers of the JR Central Towers.