Six floors for $60,000 still demands serious carrying costs ๐
In Akabira, Hokkaido, a six-level castle-style building is listed at $60,000, plus an estimated $50,000 in roof and parapet repairs. The annual property tax is listed at $7,600.
The price is low because the asset is specialized: elevator, restaurant floor, and parking for 40 cars means upkeep and usage matter more than square footage.
Cheap listings are often just the down payment on responsibility.
#RealEstate#Architecture#Renovation#PropertyTaxes#Hokkaido