Kutchan YM Downtown Apartments

KUTCHAN | Apartment

SOLDNovember 2021
  • 9 Bedrooms
  • 4 Bathrooms
  • 284.31㎡
  • 345.43㎡
  • 1978

Time To:

Lifts - Hanazono - Drive - 10 min

Town - on foot - 4 min

This well-located property in downtown Kutchan consists of 4 units currently fully leased out, earning a near 8% gross yield at current list price. The property has the potential for 10.5% gross yield based on current market prices. Three of the units are 2LDK and 1 is 3LDK, which have been consistently rented out generating solid rental income. With two units having seen some recent renovations, rental rates should continue to improve. Due to its excellent location and close proximity to downtown, this property is sure to remain an attractive place for current and future tenants to come. 348 sqm of land in such an attractive location has the potential for capital appreciation as well, with the bullet train scheduled to arrive by 2030.

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