Spacious 4LDK Family Home with Investment Potential in Kawasaki's Miyamae Ward
This property is a substantial two-story wooden house built in December 1989, offering a generous 120.91㎡ (approximately 36.57 tsubo) of living space. The layout is a family-friendly 4LDK, providing ample room for comfortable living. The land area is a solid 91.98㎡ (approx. 27.82 tsubo) with a building-to-land ratio of 50% and a floor area ratio of 80%. A key feature of this property is the inclusion of an underground garage and a large storage shed at the rear, adding significant utility and storage capacity. Please note that the provided photos are from a previous rental listing.
Important agent notes and special conditions have been translated: The existing lease agreement must be assumed by the new owner. The total building area of 120.91㎡ includes the 29.81㎡ underground garage section. The property is sold with a disclaimer of liability for non-conformities in the contract. It is also noted that the building exceeds the current permissible floor area ratio.
The property is currently tenanted, presenting an immediate investment opportunity with a projected annual rental income of 1.44 million yen and a surface yield of 7.27%. The transfer of ownership is available upon consultation. It is located in a Category I Low-Rise Exclusive Residential Zone within the urbanization promotion area, ensuring a quiet residential environment. The land is designated as residential land with full ownership rights.
The area of Miyamae Ward in Kawasaki is a highly residential and family-oriented part of the city, known for its balance of urban convenience and greenery. An interesting local fact is that the ward is home to the Ikuta Ryokuchi Park, one of Japan's largest urban parks, which was developed on the former grounds of the Imperial family's Ikuta Villa. The closest major landmark is the iconic Mount Fuji, which can be seen on clear days from various vantage points in the city, offering a stunning natural backdrop to the urban landscape.
