Investment Opportunity in Yokosuka: A Renovated Rental Property with Strong Returns
This property presents a compelling investment opportunity in Yokosuka, Kanagawa Prefecture. Currently tenanted and generating stable income, this two-story wooden house offers a surface yield of 10%. The property is priced at 8.28 million yen and is being sold as an owner-change investment. The house was built in May 1973 and features a 3K layout consisting of one Japanese-style room (6 tatami mats), one Western-style room (6.5 mats), and another Western-style room (3 mats).
Key features and equipment, as detailed in the agent's notes, include significant renovations completed in June 2023. These renovations encompassed the water areas (bathroom, washbasin area, and water heater) and interior finishes (flooring, wall coverings in all rooms, and interior doors). The property is equipped with a bidet toilet with reheating function, air conditioning (multiple units), storm shutters, shutters, lighting fixtures, a fire alarm, propane gas, and an energy-saving water heater. A special note confirms that all rooms benefit from two-sided natural lighting. Additional remarks specify that this is a sales agency listing. The car space accommodates a standard compact car. The building area includes an unregistered extension of approximately 3.3 square meters, though the seller will not undertake title registration changes for this addition. The property includes a share of a private road and is eligible for reconstruction.
The property sits on a land area of 68.96 square meters with a building area of 43.87 square meters. It includes a balcony and a garden. Parking is available at no extra cost. The location in Tsuihama Higashicho is a quiet residential area within walking distance of local amenities. An interesting fact about the Yokosuka area is its deep historical connection to the U.S. Navy, with the Yokosuka Naval Base being a major operational hub since the mid-19th century. The closest major landmark is the scenic Sarushima (Monkey Island), a small uninhabited island in Tokyo Bay accessible by ferry, known for its historical ruins, walking trails, and beaches, offering a unique escape just off the coast of Yokosuka.
