Property Overview: A Multi-Unit Building Near Nagasaki University
This property is a three-story reinforced concrete building located in Motohara-cho, Nagasaki City, Nagasaki Prefecture. Built in April 1998, the building comprises a total of six residential units and is currently tenanted, offering an owner-change (オーナーチェンジ) investment opportunity with a current yield of 7.4% based on an annual rent of 3,100,000 yen. The total floor area is 113.58 square meters, situated on a land plot of 81.95 square meters.
The property is equipped with propane gas, a public water supply, and a public sewer system. It features a water heater, a delivery box, and electrical service. Each unit has a separate bathroom and toilet, an indoor washing machine space, and is internet-ready. Additional features include a loft, an auto-lock security system, and a bicycle parking area.
The building faces a north-side public road measuring 4.4 meters in width. The property is located within a First Category Medium-to-High-Rise Residential Zone (第一種住居地域) in an urbanized area, with a building coverage ratio of 60% and a floor area ratio of 200%. A condition of the sale is that the buyer must entrust property management to the listing company.
The location offers convenient access to public transport, being a 10-minute walk from the Iwayabashi Station on the Nagasaki Electric Tramway. The surrounding neighborhood includes a variety of amenities such as a Joyfull Sun Motohara store (380 meters), a Lawson convenience store (200 meters), and Nagasaki University's Bunkyo Campus (660 meters). The property is situated in a residential area popular with students due to its proximity to the university and the availability of units with internet access and auto-lock security.
