Investment Property in Yokohama: A Currently Rented House for Sale
This property in Yokohama, Kanagawa Prefecture, is being offered for sale to generate funds for the next investment. The house is currently tenanted, providing a monthly rental income of 60,000 yen, which equates to a gross yield of approximately 7.3%. The seller is looking for a quick sale.
The property is a wooden structure with a total floor area of 64.93 square meters on a land plot of 147.27 square meters. It features a 3LDK layout and was built 59 years ago. The land is designated for residential use. The property is connected to city gas and has both public water and sewage systems. It is being sold in its current condition, and the contract will exclude liability for any defects. The transaction will be based on the public registry.
The location is in Hodogaya-ku, Yokohama, approximately a 12-minute walk from Hoshikawa Station, which is a 5-minute train ride from Yokohama Station. The property is self-managed by the owner. There is no dedicated parking space. Rebuilding is possible, but requires the consent of the neighboring landowner. The property faces a 4.16-meter-wide road to the south. Fixed property tax for fiscal year 2024 is 189,300 yen. A guarantee company, Nihon Safety, is in place.
