Investment Opportunity: Updated 1K Apartment Near Aikō-Ishida Station

This property is a 1K apartment located in Isehara City, Kanagawa Prefecture, offering a convenient lifestyle just a 10-minute walk from Aikō-Ishida Station on the Odakyu Odawara Line. The unit is situated on the 3rd floor of a 6-story reinforced concrete building constructed in February 1992. With a private floor area of 16.2 sqm (approximately 4.9 tsubo), the apartment features a balcony of 2.7 sqm. The building is equipped with a collective entrance auto-lock system and an elevator.

This is an owner-change property, presenting an ideal investment opportunity. The estimated annual rental income is 360,000 yen, with a projected yield of 11.25%. The apartment is currently tenanted. Key equipment and features include an IH cooking heater, storage space, a closet, air conditioning, an indoor washing machine space, an auto-lock, a monitor-equipped intercom, and an all-electric system. Special notes specify that the IH cooking heater has been installed, the bathroom and toilet are in the same room, and there is a shoe box. The mini-refrigerator in the kitchen has been removed. A renovation was completed in October 2024, which included updating the kitchen and replacing the IH cooking heater.

The surrounding area of Isehara offers a blend of suburban comfort and accessibility. An interesting local fact is that Isehara City is home to the base of Mount Ōyama (Afuri-yama), a sacred mountain historically used for Shugendō (mountain asceticism) training and a popular hiking destination with a famous shrine at its summit. The closest major landmark is the iconic Mount Fuji, which is visible from various points in the region and is approximately a 90-minute drive away, offering breathtaking views and numerous recreational activities.