Investment Opportunity in Yokohama's Isogo Ward: A Well-Located Rental Property
This property presents a solid investment opportunity in the established residential area of Isogo Ward, Yokohama. The building is a two-story wooden house constructed in December 1957, offering a spacious layout of 7K (seven rooms plus kitchen/dining). With a total floor area of 121.93㎡ (approximately 36.88 tsubo) situated on a generous land plot of 502.41㎡ (approximately 151.97 tsubo), it provides ample space. The property is currently tenanted, generating a stable annual rental income of 930,000 yen, which translates to a projected yield of 7.26%.
According to the agent's notes, the property is well-regarded, with the remarks stating: 'The environment is also good, and it is a popular property with tenants. Rent: 78,000 yen/month. Currently rented.' The property is equipped with propane gas. The land is designated as Category I Low-Rise Exclusive Residential Zone within the urbanization promotion area, with a building-to-land ratio of 40% and a floor area ratio of 80%. Road frontage is provided on two sides (excluding corner lots): a 1-meter wide public road to the southeast and a 5-meter wide private road to the east, with a total frontage of 20 meters.
Isogo Ward offers a pleasant coastal atmosphere within the bustling metropolis of Yokohama. An interesting local fact is that the ward is home to the Yokohama Marine Tower, which was the world's tallest inland lighthouse when it was built in 1961. The area provides a blend of residential calm and easy access to major attractions. The closest major landmark is the iconic Sankeien Garden, a spacious Japanese garden showcasing historic buildings relocated from across Japan, located a short distance away in neighboring Naka Ward.
