Property Overview: A Generational Home in Aomori City

This property is a two-story wooden house located in a quiet residential area of Tsukuda, Aomori City, Aomori Prefecture. It is currently occupied by a tenant paying a monthly rent of 70,000 yen, offering a gross yield of approximately 17%. The building is older but has been appropriately renovated, with a new water heater, a complete set of water supply pipes, and partial exterior and interior renovations completed in 2024. The land area is 132.39 square meters, and the total floor area is 184.95 square meters. The structure is wood-frame with a galvanized steel sheet roof and was originally built in 1963 (Showa 38), with an extension added around 1980 (Showa 55). Utilities include city water, sewage, propane gas, and kerosene water heating. Parking is available for one small light vehicle. The property is conveniently located within a two-minute walk of a FamilyMart convenience store and a post office, and a nine-minute walk from a MaxValu supermarket. The seller is offering the property as a land sale with an existing building (genkyo watashi) and notes that the building-to-land ratio exceeds the legal limit, but the property will be transferred as-is. A neighborhood monthly parking lot is located two houses away and is used by the current tenant. A guarantee company contract is already in place. The seller is selling to raise funds for other endeavors. The transaction will be based on the public registry (kōbo baibai) without recent surveys or boundary determinations. The propane gas contract must be continued by the new owner. This property is suitable for someone looking to own an income-generating asset.