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¥3,600,000 (~$24,000 USD)

◆Owner-Occupied Investment Property◆ 12% Gross Yield (¥477,600 Annual Income)

◆オーナーチェンジ物件◆表面利回り12%(年間収入477,600円)
Rank: 39 4/10

Photos (21)

Property photo 1 Property photo 2 Property photo 3 Property photo 4 Property photo 5 Property photo 6 Property photo 7 Property photo 8 Property photo 9 Property photo 10 Property photo 11 Property photo 12 Property photo 13 Property photo 14 Property photo 15 Property photo 16 Property photo 17 Property photo 18 Property photo 19 Property photo 20 Property photo 21

Property Details

Location
📍 新潟県新潟市西区上新栄町3
Layout
4LDK
Land Area
110.09 m² (1185 sq ft)
Building Area
83.62 m² (900 sq ft)
Year Built
1982 (44 years old)
Nearest Station
寺尾 (20 min)

Ranking Breakdown (Score: 39)

+20: 21 photos — excellent coverage
+8: Moderate price: ¥3,600,000
+3: Good size: 4LDK
+8: Renovated

LLM Evaluation

Reasoning
While the price (¥3.6M/$24K) and income-generating angle are attention-grabbing, the property is severely undermined by visible structural issues (building tilt), poor photo quality (dark, poorly lit interiors), dated 1982 construction, and the overall worn aesthetic. The few exterior shots show an aging, uninspiring structure with minimal charm or renovation potential appeal. This reads as a cash-flow play for investors, not an interesting akiya story for English-speaking enthusiasts.
Visual Assessment
Photos are predominantly dim and poorly composed, showing a dated 1980s residential property in visible decline. The entryway shot reveals cramped, utilitarian spaces with worn finishes. Exterior shots show a tired, beige structure surrounded by overgrown landscaping and minimal curb appeal. One balcony photo offers a view but is otherwise unremarkable. No standout architectural features, gardens, or charming details present.
Suggested Angle
¥3.6M rental property in Japan with instant tenant and 12% yield—but would you buy a building with a structural tilt?
Red Flags
CRITICAL: Building has visible structural tilt (建物に傾きあり). Seller explicitly disclaims liability for defects (契約不適合責任免除). Front road is private with no ownership rights. 1982 construction with only partial 2025 renovations. No parking on-site. Photo quality is poor, obscuring true condition. Tenant-occupied complicates inspection/eviction. High risk for hidden structural/foundation damage requiring expensive repairs.
investment-property rental-income cheap niigata fixer-upper owner-occupied structural-issues 1980s-construction