Spacious 4LDK Investment Property in Otaru with Strong Rental Yield

This property is a substantial two-story wooden house built in January 1976, offering a generous 105.7 sqm (approximately 31.97 tsubo) of living space across a 4LDK layout. It sits on a sizable 266.11 sqm (approximately 80.49 tsubo) plot of land in a quiet residential zone of Otaru, Hokkaido. The property is currently tenanted, providing an immediate investment opportunity with a projected annual rental income of 540,000 yen and an impressive estimated annual yield of 10.8%.

Critical agent notes reveal important details: the property has undergone an extension, resulting in an unregistered section on the first floor. It will be sold in its current state without registration of this extension. Additionally, while there is parking space at the front of the property, the road narrows in winter and may become impassable. During such times, use of the parking lot at the taxi company diagonally across from the site is permitted.

The location is highly convenient for daily needs, with popular convenience stores like Seicomart, Satsudora (a drugstore), and Daiso all within a 2-3 minute walk. Otaru Station on the Hakodate Main Line is accessible within a 10-minute drive from the house, connecting you to Sapporo and beyond. The area is served by local buses, with the Saiwaiguchi bus stop just a minute's walk away.

Otaru is a historic port city famous for its beautifully preserved canal district, a major tourist attraction where old stone warehouses have been converted into museums, shops, and restaurants. The city is also renowned for its fresh seafood, glassworks, and music box museums, offering a charming blend of history and culture just a short distance from this residential neighborhood.