Owner-Change Investment Property in Nogata
This is an excellent opportunity for real estate investors seeking steady passive income. This 4-bedroom (4DK) wooden structure, constructed in February 1977, is ideally positioned for portfolio diversification. With a two-story layout spanning 73.12 square meters of living space on a 180.55 square meter corner lot, the property offers a balanced residential investment opportunity.
Currently in a rental arrangement, the property generates ¥25,000 per month in rental income—below market rates, presenting an upside opportunity for future rate adjustments. The rent is guaranteed by a professional housing company (Four Seasons), ensuring reliable monthly payments. The property achieved a 12% annual yield based on projected rental income, making it an attractive investment.
Equipment and Facilities: The property features propane gas heating, hot water supply, a separate bathtub and toilet, and an indoor washing machine placement area. Municipal water supply connects to a centralized septic tank system, with plans to transition to municipal sewage around 2028. Centralized propane gas serves the property efficiently.
Recent Improvements and Property Condition: In 2020, the property was contracted as tenant-remodel-friendly, allowing the tenant to customize the interior. That same year, the electrical panel was replaced, ensuring modern safety standards. The 2025 property tax assessment stands at ¥24,000, an economical annual cost. The corner lot location provides dual road frontage: 5 meters on a paved public road to the northeast and another 5 meters of paved public road access to the north, ensuring excellent visibility and accessibility.
Property Valuation Breakdown: The land is valued at ¥1,200,000 and the building structure at ¥1,300,000 (prices are firm with no negotiation). The property ownership includes a proportional share in the centralized septic tank facility, transferred simultaneously with the building sale.
Located in Nogata City, Fukuoka Prefecture, this property benefits from proximity to the Chikuho Electric Railway's Kanda Station, accessible within a 26-minute walk. The area's transformation from its coal-mining heritage has made it increasingly attractive for both residential and investment purposes. Fukuoka Castle, one of Japan's historic landmarks, is located in central Fukuoka approximately 40 kilometers away, representing the region's cultural significance and broader economic development.
