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Akiya in Wakayama, Wakayama
$18,985For sale
¥3,000,000

5DK Akiya in Wakayama, Wakayama

Building
46.28 m²
Land
87.6 m²
Size
14 坪
Layout
5DK
Access
南海電鉄和歌山港 Line 和歌山港 Stn / 30 min walk
Address
和歌山県和歌山市葵町

Description

駐車場なし 玄関までの一部通路は共有名義 再建築にはセットバック必要 Total units: 1

View original listing on the akiya bank ↗

出典:全国版空き家・空き地バンク(アットホーム運営)

Location

Approximate location (street-level geocoded via 国土地理院). 和歌山県和歌山市葵町

Investment snapshot

An indicative long-term rental estimate — to compare listings, not an appraisal.

Est. monthly rent
¥37,000
≈ $234/mo
Est. annual rent
¥444,000
≈ $2,810/yr
Gross yield (post-reno)
6.6%
solid
⚠ At this price the property almost certainly needs major renovation before it can rent — the yield above already folds in an estimated renovation budget. The raw price-only yield would look far higher but isn't achievable until that work is done.

Basis: 46.28m² × ¥1000/m²/mo × 0.8 age factor (Wakayama) + ¥4M est. renovation. Gross yield = annual rent ÷ (price + est. renovation), before tax, vacancy, and management. Regional rent rates are conservative order-of-magnitude medians (public rent surveys), not a guarantee — rural demand can be thin. Always validate locally before relying on any figure.

Hazard & due diligence

Japan has real flood, landslide, and earthquake exposure that varies street by street. Check the official government hazard maps for this exact location before buying.

Sources: 重ねるハザードマップ (国土地理院) · J-SHIS (防災科研). Always confirm with the seller and municipality.