Investment Opportunity in Kamakura: A Charming Rental House with Owner Change
This property presents a unique investment opportunity as an owner-change property currently under a stable rental contract. The house is situated in a quiet residential area of Kamakura, Kanagawa Prefecture, with a small stream flowing in front, creating a scenic and pleasant living environment. The property is currently tenanted, generating a monthly rental income of ¥125,000 with no management fees. This results in a gross yield of approximately 7.14%. The existing tenancy is a standard lease agreement that commenced in October 2019.
The house itself is a two-story wooden structure built in January 1981. It offers a spacious 5DK layout with a total floor area of 100.7 sqm (approximately 30.46 tsubo). The rooms consist of three Japanese-style rooms (8, 6, and 6 tatami mats) and two Western-style rooms (both 6 tatami mats), along with a 5.5-tatami mat dining-kitchen. Property features include a wooden deck, a garden, and parking availability. Key equipment includes a reheating function for hot water and a 2-burner stove. A special note indicates the property is located in a quiet residential neighborhood. It is important to note that the lot is designated as a sediment disaster warning zone.
The land has a registered area of 157.49 sqm (approx. 47.64 tsubo) with an additional private road area of 297.1 sqm (shared burden ratio of 1/24). The land is zoned as Category I Medium-to-High-Rise Exclusive Residential District within the urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 150%. The terrain is flat.
The Kamakura area is rich in history and natural beauty, famously serving as the political center of Japan during the Kamakura Shogunate from 1185 to 1333. A major landmark near this property is the iconic Great Buddha of Kamakura (Kotoku-in), a monumental outdoor bronze statue of Amida Buddha and a designated National Treasure, located just a few kilometers away.
