Renovated & Rented: House Opportunity in Tama
Discover an attractive investment opportunity or a potential home in the peaceful Hijirigaoka neighborhood of Tama City, Tokyo. Priced at a compelling $99,800 ( including all purchase costs), this property is currently rented, offering immediate income potential with a projected gross rental yield of approximately 6%.
This single-story, wooden house, built in December 1967, features a building area of 55 m² (587 ft²) on a 101 m² (1085 ft²) land plot. It has undergone significant recent renovations, including seismic reinforcement in 2016, interior updates in 2021 (tatami, wallpaper), extensive refurbishment of the kitchen, bathroom, toilet, and washroom areas in 2022 and 2023 (including fixture replacements and painting), and water heater repair in late 2023. Key features include a separate kitchen, a traditional Japanese tatami room, and a renovated bathroom/toilet area. Parking is available on the property.
Located in a Category 1 Low-Rise Residential Zone, the area is known for its quiet and pleasant environment. While the walking distance from the nearest station (Keio Nagayama or Seiseki Sakuragaoka) is estimated to be around 30-40 minutes, convenient bus routes are available: approximately 8 minutes by bus plus a 4-minute walk from the bus stop to Keio Nagayama Station, or 13 minutes by bus plus a 6-minute walk from the bus stop to Seiseki Sakuragaoka Station. Cycling time from either station is approximately 11 minutes. The property has access to public water, public sewerage, and city gas.
Please note that the current structure exceeds the maximum allowable building coverage ratio (40%) for this zone. This characteristic is reflected in the attractive pricing and favorable yield potential but would restrict the size of a replacement building if you choose to rebuild in the future.
The location offers convenient access to local amenities and points of interest via a short drive or train ride. Popular nearby attractions (within approx. 40 min drive) include Sanrio Puroland, a major indoor theme park in Tama Center, and Haneda Airport (HND), providing gateway access for international travel. The area around Keio Nagayama and Seiseki Sakuragaoka stations provides extensive shopping, dining, and public facilities.
Whether you are an investor seeking a high-yield property with a tenant already in place and significant recent updates, or looking for a modestly priced home with parking and traditional Japanese elements in a quiet Tokyo suburb with convenient access to local attractions, this property presents a compelling opportunity.
Description:
Based on the floor plan, this single-story house features a straightforward layout centered around living and private areas. It includes an Entrance (Genkan), Hallway with Storage, a Dining Room (approx. 9.1 tatami / 15 m² / 161 sq ft), and a Separate Kitchen (approx. 5.3 tatami / 9 m² / 97 sq ft). The property also has two traditional Japanese Tatami Rooms (approx. 6 tatami / 10 m² / 108 sq ft and 4.5 tatami / 7 m² / 75 sq ft). Utility areas consist of a Bathroom, Toilet, and a separate Washroom/Changing Room.
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