Investment Opportunity in Saitama: A Well-Established Rental Property
This property presents a compelling investment opportunity in the quiet residential neighborhood of Satte City, Saitama Prefecture. Currently tenanted, this detached house offers immediate rental income and a strong projected annual yield of 12.53%. The property is a two-story wooden structure built in May 1973, with a total floor area of 49.68㎡ (approximately 15.02 tsubo) arranged in a 3DK layout. The land area is 71.25㎡ (approximately 21.55 tsubo).
According to the agent's notes, the property features two-sided natural light, contributing to a bright interior. The equipment includes air conditioning, cushion flooring, lighting fixtures, propane gas, electricity, tap water, a septic tank (汲取), and side gutters. A special note highlights that the property is located in a quiet residential area. A key remark states that the property is currently rented for a total monthly rent of 47,000 yen, generating a 12% yield. Additionally, there is an existing 10-year lease contract with the gas company that will be transferred to the new owner.
The area of Satte City offers a blend of suburban convenience and access to nature. An interesting local fact is that Satte is known for its production of 'Satte Kintoki' sweet potatoes, a local specialty. For recreation and tourism, residents and visitors can enjoy the expansive natural landscapes of the nearby Kawaguchi Lake, part of the famous Fuji Five Lakes region, which is approximately a 90-minute drive away and offers stunning views of Mount Fuji, boating, and hiking trails.
