Affordable Investment Opportunity in Kitakyushu's Maruyama District

This property presents a unique investment opportunity in the Maruyama 1-chome area of Moji Ward, Kitakyushu City. It is a single-family detached house built in January 1960, making it approximately 66 years old, with a wooden structure and a single-story layout. The total floor area is 37.19 square meters (approximately 11.24 tsubo), situated on a land plot of 77.25 square meters (approximately 23.36 tsubo). The property is currently tenanted, offering an immediate income stream with an estimated annual yield of 20% and projected annual income of 420,000 yen. Please note that this yield is calculated before taxes and maintenance costs and does not guarantee the projected rental income.

The property's equipment and facilities are clearly listed, including essential utilities: water supply and sewerage. The land is designated as residential within the City Planning Area, specifically the First Category Medium-to-High-Rise Exclusive Residential Zone, with a building-to-land ratio of 60% and a floor area ratio of 200%. The property status is listed as "Owner Change," and the handover timing is negotiable (consultation required). Parking is not available on-site.

The Maruyama district in Moji Ward offers a residential atmosphere with convenient access. The Maruyama 1-chome bus stop is just a 3-minute walk away, providing local transit connections. The area is part of the historic port city of Moji, which is famous for its well-preserved early 20th-century Western-style buildings in the nearby Moji Port Retro district. A major landmark and tourist attraction in the vicinity is the Kanmon Straits, the scenic waterway separating Honshu and Kyushu, which is famous for its whirlpools and offers stunning views from observation decks like the one at Moji Port Retro Observation Room.