North 7 Apartment Building ¥27,300,000

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Affordable Kutchan investment property!


This well-maintained apartment block was built in 1999 and is located in a quiet residential area in the northern part Kutchan Town. The 3 two-bedroom units generate a total of ¥2,280,000 per year which is a gross annual yield of around 8.35% based on the listed price. The building has three garages, one for each unit. The building sits on a spacious 622.84 m² (approx. 188.4 tsubo) block of land, with a large vacant area behind the building- a huge advantage in Kutchan given annual difficulties with snow clearing and disposal. The neighboring land is also for sale, so this unused land could be added to this land and used as the site of a new building.

 

 

 

Property Address 2-5, 2-6, 3-14, Kita-7 Nishi-1, Kutchan-cho, Abuta-gun

Property Details

Location Kutchan
Price ¥27,300,000
Bedrooms 6
Bathrooms 3
Building Size Total Floor Area 210.72 m²
Land Size 622.84 m² (Approx. 188.4 tsubo)
Building Age Built 1999
Toilets 3
Garage/Car spaces 3
Number Of Floors 2
Time To Lifts Driving - 13 min
Time To Kutchan Station Driving - 5 min

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