Investment Property in Joetsu City, Niigata

This detached house located in Joetsu City, Niigata Prefecture, offers a unique opportunity for investors or those seeking a DIY project. The property was previously utilized as a rental investment, generating a monthly income of 38,000 yen, and holds potential for further revenue as a minpaku (private lodging) operation. The building is a two-story wooden structure with a 5LDK layout, built in 1954. The total land area is 325 square meters, with a building footprint of 95 square meters plus an unregistered shed. The property is currently vacant and is being sold as-is, with some residual items remaining. It is priced at 1,800,000 yen, with the price being negotiable. Key features include a garden and a pond, as well as a barn that can be used for storage or as a workshop. DIY renovations are permitted. The location is a 14-minute walk from Naoetsu Station, and the building is situated behind a monthly parking lot. Important points to note are that the property does not have road frontage, making reconstruction impossible, and it is sold on a present condition basis. The sale is based on the public registry area.