1 3

Investment: 3DK Condo in Odawara, 8%+ Gross Yield! "Castle Tomizu"(KN-0001)

Investment: 3DK Condo in Odawara, 8%+ Gross Yield! "Castle Tomizu"(KN-0001)

Current Status:Leased

Recommendation:80% / Priced in the 7 million yen range, this property is reasonably affordable！

¥7,300,000 JPY
¥7,300,000 JPY
Sale Sold out
Tax included.

ADDRESS: 64-2, Araya, Odawara-shi, Kanagawa

LAND AREA: 1/30 of 1,178.4 m2 of ownership　

STRUCTURE: Reinforced Concrete Structure

YEAR BUILD: February 1984

FLOOR SIZE: 49.05㎡

This property is a 3DK condominium intended for investment purposes.

Located in Odawara City, Kanagawa Prefecture, this property offers a unique blend of history and convenience. Odawara is a charming coastal city known for its iconic Odawara Castle, fresh seafood, and proximity to the famous Hakone hot springs and Fuji-Hakone-Izu National Park. Just a short train ride from Tokyo, Odawara serves as a gateway to some of Japan's most renowned attractions.

https://maps.app.goo.gl/r8PcTCiS41cudxg67

View full details

Property Information

  • Basic Information

    - NEAREST STATION -

    10 minutes walk to Tomizu Station on the Odakyu Odawara Line

    - LAND -

    LAND AREA: 1/30 of 1,178.4 m2 of ownership

    LAND RIGHT: Freehold

    - BUIDING -

    YEAR BUILD: February 1984

    STRUCTURE: Reinforced Concrete Structure

    FLOOR: A second-floor unit in a three-story condominium.

    FLOOR SIZE: 49.05㎡

    - PROPERTY NUMBER -

    KN-0001

  • Property Details

    - DETAILS -

    Land Category: Residential Land
    Urban planning: Urbanized area
    Use Zoning: Category 1 Exclusively Low-Rise Residential Zone
    Building-to-land ratio:60%
    Floor-to-land ratio :100%
    Management Fee (monthly): ¥6,500JPY
    Repair Reserve Fund (monthly): ¥7,500JPY

    Please note that this building is an existing non-conforming property (exceeding the Floor-to-land ratio), and it may be difficult to rebuild it to the current scale under the current regulations.

    - COMMENTS -

    With a rental income of 50,000 yen per month, this property offers a gross yield of over 8%. As an owner-change property, it allows you to start earning income immediately after purchase.

  • Agent Information

    COUNTRY: Japan

    NAME: SOZONEXT Co.,Ltd.

    9F UENO KOA Bldg. 2-6-4 Motoasakusa, Taito-ku, Tokyo 111-0041
    TEL: +81-3-3842-1552
    Email: redb@sozonext.com

    LICENSE:

    Governor of Tokyo License No. (1) 108237

    TRANSACTION TYPE: Privileged and Exclusive Brokerage Service Agreement

    BROKERAGE FEE: When a contract is concluded, “3% of the sales price + 60,000 yen” and an amount equivalent to the consumption tax on that amount will be charged as a brokerage fee.

    - RELEASE DATE/UPDATE SCHEDULE -

    APR 26 2025
    MAY 10 2025
RedB - Knowledge DB for Japanese Real Estate Transactions

  • *Important Notice

    • The real estate transaction system "RedB" supports three languages: Japanese, English, and Chinese. In addition to the properties listed in the system, we also provide guidance on unlisted properties. Particularly when considering converting residential real estate into lodging-based facilities, RedB's unique revenue and expenditure simulation can help identify high-value investment properties.
    • The base currency for real estate sales prices on this RedB is Japanese yen. Real estate prices displayed in currencies other than Japanese yen are for reference only, as they will vary depending on the exchange rate at the time you access this website. We display real estate prices in currencies other than Japanese yen in order to make them as easy as possible for non-Japanese customers to understand and to display real estate prices in their preferred currency.

    • Furthermore, please note the following matters with regard to yields in particular.

    What kind of yield is " Surface Yield (Gross Rate of Return)" ?

Would you be interested in this property?

    Contact