Spacious 5LDK Investment Property in Odawara with Strong Rental Yield
This property presents a compelling investment opportunity in the historic city of Odawara, Kanagawa Prefecture. Built in October 1996 (Heisei 8), this wooden three-story house offers a substantial 197.08 sqm (approx. 59.61 tsubo) of living space across a 5LDK layout, situated on a generous 229.19 sqm (approx. 69.33 tsubo) plot of land. The property is currently tenanted, ensuring immediate rental income, and is noted as an owner-change property with a calculated yield of 9.02%.
The building features a southwest-facing main exposure, providing ample natural light. Parking is convenient with space for two vehicles. The property is located in a City Planning Area designated as Urbanization Promotion Area, with a land use district of Quasi-Commercial. The building-to-land ratio is 80% with a floor area ratio of 200%. The land is flat with ownership rights. The property is offered for sale at a price of 25,800,000 JPY.
Odawara is a city rich in history, famously known as the gateway to the Hakone hot spring region and home to the impressive Odawara Castle, a reconstructed fortress that offers panoramic views of Sagami Bay. The area provides a unique blend of coastal access and mountainous scenery, making it a popular destination for both history enthusiasts and nature lovers.
