Investment Opportunity in Yokohama: A Well-Established Rental Property

This property presents a solid investment opportunity in the sought-after Tsunashima area of Yokohama. Currently operating as a fully occupied rental, this two-story wooden house offers immediate income generation with an owner change. The property boasts a total floor area of 69.6 square meters (approximately 21.05 tsubo) arranged in a functional 4DK layout, featuring a combination of Japanese-style and Western-style rooms. The land area is 61.55 square meters (approximately 18.61 tsubo).

Critical agent notes translated from Japanese reveal essential details: The property has no road frontage (接道なし) and cannot be rebuilt (再建築不可). This is a crucial legal and practical consideration for any buyer. The property is equipped with city gas. The annual projected rental income is 840,000 yen, yielding an estimated 10% return. The current status is tenanted, and the handover timing is negotiable.

The property is situated in Yokohama's Kohoku Ward, a vibrant and convenient part of the city. The area is well-connected, with Tsunashima Station on the Tokyu Toyoko Line a 17-minute walk away. An interesting local fact is that the nearby Tsunashima area is historically known for its many natural springs. For recreation and tourism, residents and visitors can enjoy the prestigious Hiyoshi Country Club, a major golfing facility located just over 500 meters from the property.