Income-Generating Property in Naru-kami, Wakayama
Located in the Naru-kami district of Wakayama City, this two-story traditional Japanese home presents an attractive investment opportunity with a 12.5% yield potential. Built in 1981, the 56.86 square meter residence offers a practical 2LDK layout, making efficient use of its compact footprint.
The property sits on a 61.34 square meter plot in a prime location, just 8 minutes' walk from Akizuki bus stop. The neighborhood boasts excellent amenities, with multiple commercial facilities nearby and convenient access to major transport routes including the local interchange.
Currently tenanted, this owner-change property combines the stability of an established rental income with the potential for future appreciation. The home features modern conveniences including a system kitchen, floor storage, and an intercom with video monitoring. With its balanced mix of practical features and investment potential, this property represents a solid opportunity in Wakayama's real estate market.
