Investment Opportunity in Kasugai: A Well-Located Rental Property
This property presents a unique investment opportunity as an owner-change property located in a quiet residential area of Kasugai City, Aichi Prefecture. The house is a two-story wooden structure built in January 1978, offering a total floor area of 93.57 sqm (approximately 28.3 tsubo) with a 4DK layout. It sits on a southeast corner lot with a registered land area of 127 sqm (approx. 38.41 tsubo), benefiting from excellent sunlight and ventilation. The property is currently tenanted, providing immediate rental income. The estimated annual rental income is calculated based on the current rent (including common area fees), though this is not a guaranteed figure. The yield is presented as a simple yield based on the current or fully occupied status and does not deduct necessary expenses like fixed asset taxes or management fees.
Critical notes from the agent specify that the property is located within a City Planning Adjustment Area (市街化調整区域), which means rebuilding is not permitted. The floor plan provided prioritizes the current condition of the property. The transaction type is exclusive intermediary.
The location is highly convenient for daily life and commuting. It is a 9-minute walk to Meitetsu Komaki Line's Ushiyama Station, with two other stations within a 25-minute walk. Essential amenities like a supermarket, pharmacy, and convenience store are all within a short walking distance. The area is also family-friendly, with Kasugai City Ushiyama Elementary School and a municipal daycare center both approximately a 9-minute walk away.
Kasugai City is part of the greater Nagoya metropolitan area, known for its blend of residential comfort and access to urban amenities. An interesting local fact is that the city is famous for its production of unagi (eel), a popular delicacy in Japan. For visitors and residents seeking recreation, the iconic Nagoya Castle, a major historical landmark and tourist attraction, is easily accessible via train from the nearby stations, offering a glimpse into the region's samurai past.
