Investment Opportunity in Chita District: Renovated 6DK House with Rental Income

This property presents a compelling investment opportunity in the Chita District of Aichi Prefecture. Listed for sale at 6.8 million yen, it is a two-story wooden house built in December 1967, offering a total floor area of 74.5 square meters on a generous land plot of 238.65 square meters. The layout is a spacious 6DK, comprising four Japanese-style rooms (9, 6, 6, and 6 tatami mats) and two Western-style rooms (4 and 6 tatami mats). The property is currently tenanted, providing an immediate annual rental income of 858,000 yen, which translates to a projected yield of approximately 12.61%.

Key features and equipment notes from the agent include a recent interior renovation completed in June 2024, covering flooring, walls, and ceilings. The property is equipped with electricity, a water supply, and a septic tank. Parking is available at no extra cost, and the main source of natural light is from the east. A special note is that the property is designated as "non-rebuildable" (再建築不可). The land is classified as residential land within an unzoned district under the City Planning Act, with a building-to-land ratio of 60% and a floor area ratio of 200%. The property fronts roads on two sides (south and west).

The property is located in the town of Taketoyo, a coastal community in Aichi Prefecture known for its relaxed atmosphere and proximity to the Chita Peninsula. An interesting local fact is that the nearby Port of Kinuura has historically been a significant hub for the ceramics industry. For recreation and tourism, the area offers access to the scenic coastlines of Mikawa Bay, with the popular Chita Beach being a notable attraction for swimming and marine sports during the summer months.