A Renovated Investment Property in Atami with Sea Views
This property presents a compelling investment opportunity in the coastal city of Atami, Shizuoka Prefecture. Currently tenanted, this is an owner-change property, meaning it cannot be occupied by the purchaser for personal use and is offered exclusively as an income-generating asset. The property is a spacious two-story wooden house with a 7DK layout, offering a total floor area of 163.95 square meters on a land plot of 165.73 square meters.
The interior has been fully renovated, presenting a clean and modern feel. The second-floor Western-style rooms offer distant views of the sea, and on a clear day, one can see the horizon from this level. The property features a generously sized dining kitchen, a bathroom with charming light-blue tiles, and a separate washroom, all of which have been updated for comfortable use. A shoe cupboard in the entrance provides practical storage, and the balcony is spacious enough for easily drying laundry. A parking space is available and is included in the price.
According to the agent's special notes, the property's current status is tenanted. The remarks state: "Currently tenanted. If you would like to see it in person, please feel free to contact us with your preferred date for a free viewing." The financial details are clearly outlined in the notes: "Annual projected income: ¥948,000 (currently rented at ¥79,000 per month). Surface yield: 12.64%." This indicates a stable, existing rental income stream and a significant return on investment.
The property is located in the Shitaga area of Atami, a city renowned for its hot springs and scenic coastline. A 22-minute walk from Ajiro Station on the JR Ito Line provides access to the wider region. Atami is a popular tourist destination, with its most famous landmark being Atami Castle, a post-war reconstruction perched on a hilltop that offers panoramic views of Sagami Bay. The area is also known for its early-blooming plum blossoms, a tradition that dates back to the Edo period when shoguns would receive plum trees as gifts from around the country.
Built in June 1970, this 56-year-old property has been well-maintained and updated. Its location in a Category I Medium-to-High-Rise Exclusive Residential Zone ensures a peaceful living environment. For investors seeking a property with immediate rental income in a sought-after tourist region, this renovated house in Atami represents a solid opportunity.
