Osanuki, Meiwa Town, Gunma Prefecture | Two Adjacent Detached Houses, Fully Occupied and Operating as an Owner-Change Property

An income-producing property comprising two fully occupied detached houses available for purchase as a package.

Both houses are currently occupied by tenants and are being operated as a fully occupied owner-change property. The property is located in Osanuki, Meiwa Town, Ora District, Gunma Prefecture, approximately a 10-minute walk from Kawamata Station on the Tobu Isesaki Line. The two adjoining detached houses are being sold together.

The current rent is ¥45,000 per month for the west building and ¥60,000 per month for the east building, for a combined monthly rental income of ¥105,000 and annual income of ¥1,260,000. The gross yield is approximately 16.1%. Because the properties are already occupied, rental income can be received immediately after acquisition, allowing operation to begin without spending time on tenant recruitment or leasing. This property is recommended for those who wish to start investing in real estate while keeping the initial investment amount low.

The east building’s plumbing and wet areas were renovated in March 2023.

The kitchen, bathroom, and toilet areas of the east building were renovated in March 2023. Since the areas that can incur substantial costs have already been renovated, the likelihood of major repairs being required immediately after acquisition is low, and stable operation is expected for the time being.

Includes parking for four vehicles; risk diversification through ownership of two buildings

Each building has space for two vehicles, for a total of four parking spaces on the premises. Because the property is divided into two buildings, even if one becomes vacant, rental income from the other can be maintained, making it less likely that income will be interrupted and helping diversify vacancy risk.

Located in an urbanization control area; rebuilding is not permitted

Because the property is located in an urbanization control area, rebuilding is not permitted. In principle, the existing buildings cannot be demolished and replaced with new construction or rebuilt. Interior and exterior repairs and renovations are possible, however. The property can be operated as a rental over the medium to long term while continuing necessary maintenance, including work on the exterior walls and roof.

A high-yield investment property premised on a cash purchase

Financing is difficult to obtain, so purchase in cash is the premise. Accordingly, the acquisition price is kept low, and the yield allows the investment to be steadily recovered through monthly rental income.

Property overview

The property type is land with old buildings. The location is Osanuki, Meiwa Town, Ora District, Gunma Prefecture. The west building’s land area is 142.21 m², and the east building’s land area is 136.43 m². The west building’s floor area is 100.51 m², and the east building’s floor area is 85.28 m².

The west building was built in Showa 57, and the east building was built in Showa 59. The current status is leased.

Transaction terms and information materials

The asking price is ¥7.8 million. The transaction will be conducted on an as-is basis and based on the official registry records.

We are not a real estate company, but we have prepared materials compiling photographs and floor plans for your consideration. We will send them to those who request them. If you are interested, please feel free to contact us.