Partly renovated 10-room rental building with parking, Kagoshima
$38,000¥6,000,000
Read the original in EnglishDetails
- Price
- ¥6,000,000
- Building
- 328.52 m² · 3,536 ft²
- Land
- 1,234.94 m² · 13,293 ft²
- Structure
- Wooden
- Location
- Kagoshima, Kagoshima
- Address
- 鹿児島県鹿児島市坂元町Kagoshima, Kagoshima, Japan
Features
Needs repairParking
Description
This is a partly renovated investment property. I have been managing it myself and was planning to renovate it, but I have not been able to find the time, so I would like to sell to someone who can take over where I left off. The current yield is 18.92%, and if renovated it would become a hidden gem with a yield of over 50%. Please make offers without asking for a price reduction.
Current rent is 94,600 yen per month. 3 of the 10 rooms are occupied, and no tenants are expected to move out for the time being. Renovation is partway through in 4 rooms, and unused unit baths have already been installed in those 4 rooms. The property needs renovation.
Kagoshima City Hall is an 8-minute drive away. The surrounding area is convenient, with new houses still being built recently, and is a quiet residential neighborhood. There is parking for 10 cars. The stairs, roof and other parts need renovation. With parking for 10 cars, the land alone would be worth roughly 15 million yen as vacant land.
[Property Overview] *Land with an old building
Location: Sakamoto-cho, Kagoshima City, Kagoshima Prefecture
Land: 1,234.94 m²
Building: 328.52 m²
Structure: Wood
Current status:
Asking price: 6,000,000 yen
*The sale is as-is (in its current condition) and based on the registered (official record) land area.
Translated from Japanese · show original
自主管理していてリフォームしようと考えてましたが時間が取れず、あとを引き継いでくれる方がいればと考えてます。現況で利回り18.92％、リフォームすれば50％を超えるお宝物件となります。指値なしでお願いします。
家賃が毎月94,600円あります。10部屋中3部屋入居中で当分は退去の予定はありません。4部屋リフォーム途中で未使用のユニットバスが、4部屋に設置済みです。要リフォーム物件です。
鹿児島市役所まで車で8分。周辺は最近も新築が建つような便利な地域で、閑静な住宅街です。駐車場は10台分あります。階段や屋根などリフォーム必要です。駐車場10台分あり、更地で1,500万円くらいの土地です。
【物件概要】※古屋付土地
場所：鹿児島県鹿児島市坂元町
土地：1234.94㎡
建物：328.52㎡
構造：木造
現況：
希望価格：600万円
※現状有姿、および公簿売買でのお取引きとなります。
Location
Kagoshima, Kagoshima, Japan
Listed on
Ieichiba
Contact the seller or municipality through the original listing.
ieichiba.com/project/P202600464%E9%B9%BF%E5%85%90%E5%B3%B6%E5%9D%82%E5%85%83%E7%94%BA
Buying from abroad? Foreigners can buy property in Japan with no residency requirement. Budget roughly 7–10% on top of the price for taxes, registration and agent fees.
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