Spacious 4DK Terrace House in Nara with Investment Potential

This property is a 1989-built, three-story wooden terrace house located in the quiet environment of Tanakacho, Nara City. It offers a generous 90.58㎡ (approximately 27.4 tsubo) of total floor space arranged in a practical 4DK layout. The land area is 66.36㎡ (approximately 20.07 tsubo). Key features include one free parking space (with vehicle type restrictions) and a balcony. The property is currently tenanted, providing an immediate rental income stream.

Critical agent notes and special features have been translated and are as follows: The property is located in a City Planning Adjustment Zone (市街化調整区域). Due to its original application as part of a row of connected houses (連棟), it cannot be rebuilt as a standalone structure (再建築不可). It uses an individual septic tank (個別浄化槽) and propane gas (プロパンガス). The property boundaries are not explicitly marked (境界明示ございません), and there are outdoor units and other elements that may or may not cross property lines (室外機等越境・非越境はございます). This is an owner-change transaction (オーナーチェンジ物件). The current monthly rent is 45,000 yen (starting February 2026), contributing to a surface yield of approximately 15%.

The area of Nara City is steeped in history, being Japan's first permanent capital. An interesting fact is that the city's famous Sika deer, considered sacred messengers of the gods in Shinto belief, roam freely in Nara Park and have been designated as a National Natural Treasure. The closest major landmark to this property is the historic Todaiji Temple, a UNESCO World Heritage site housing one of Japan's largest bronze statues of the Buddha, located just a few kilometers away.