Traditional Home in Central Wakayama City
Located in the vibrant Takajou-cho district of Wakayama City, this charming two-story residence offers excellent value and investment potential. With 66.24 square meters of living space spread across two floors, the property features a practical 3LK layout that maximizes functionality. Built in 1967, this home sits on a 53.80 square meter lot in a prime location near essential amenities.
The property's location is particularly appealing, with Wakayama Castle, the Japanese Red Cross Wakayama Medical Center, and Konan home center all within walking distance. The neighborhood offers a blend of historical significance and modern convenience, making it an attractive option for both investors and homeowners.
At ¥4.5 million, this property represents a compelling investment opportunity with a projected annual rental income of ¥600,000, translating to an impressive 13.33% yield. The home features separate bathroom and toilet facilities and is equipped with city gas, municipal water, and sewage systems.
