A Charming Investment Opportunity in Yokosuka's Quiet Residential Area

This property presents a unique investment opportunity as an owner-change property currently tenanted for 45,000 yen per month. Located in a quiet residential neighborhood in Yokosuka City, Kanagawa Prefecture, this single-story wooden house was built in March 1950. The property is being sold for 4,500,000 yen and offers a projected annual rental income of 540,000 yen, yielding an impressive 12% annual return. Please note that interior viewings are not possible due to the existing tenancy.

The land has a registered area of 76.36 sqm (approximately 23.09 tsubo), with an additional private road area of 353 sqm shared among 12 parties. The building itself covers 27.27 sqm (approximately 8.24 tsubo) and features a 3K layout, though the detailed floor plan is unspecified. The property is situated on a flat plot within a City Planning Area designated as a Category I Medium-to-High-Rise Exclusive Residential District, with a building-to-land ratio of 60% and a floor area ratio of 160%. Access is via a 2-meter-wide private road to the southeast. The building is sold with a disclaimer regarding liability for non-conformities in the building contract.

The Yokosuka area is rich in naval history and offers a blend of urban convenience and coastal scenery. An interesting local fact is that Yokosuka is home to the first Japanese-built modern lighthouse, the Jogashima Lighthouse, completed in 1869. The closest major landmark is the historic Yokosuka Arts Theatre, a significant cultural venue in the city.