Premium Narusawa, Yamanashi

Narusawa 2LDK Akiya — ¥9.8M, Kawaguchiko Station, 10.2 km by car

A 1987-built 2LDK on 227.0 sqm of land in Narusawa, Yamanashi, sold as-is at ¥9.8M.

This 1987-built 2LDK detached house is in Narusawa, Yamanashi (source listing address: 山梨県南都留郡鳴沢村). It sits on 227.0 sqm of land with a 63.76 sqm building and is sold as-is. Access, as stated on the source listing: Fujikyuko Line — Kawaguchiko Station, 10.2 km by car (富士急行「河口湖」車10.2km). For short-term-rental context we quote the Fujikawaguchiko area benchmark — 471 tracked listings, $241 average daily rate, 49.8% occupancy, $41,581 average annual revenue (AirROI 2025–2026). This property is in Narusawa, roughly 7 km from Fujikawaguchiko, so treat those figures as a regional demand indicator for the surrounding market, not as this home's income.

$59,829 ≈ ¥9.8M @¥163.8/USD · as of 2026-07-24

⚠

Minpaku (short-term rental) status not confirmed. Verify with the municipal office and your agent before completing purchase. STR operation may be restricted to 180 days/yr or prohibited.

Land227㎡

Building63.76㎡ · F

Layout2LDK

Year Built1987

Nearest StationFujikyuko Line — Kawaguchiko Station, 10.2 km by car

Estimated ROI — based on area market averages

44.8–58.2%

Gross yield
(conservative–optimistic)

$41,581

Est. annual revenue
(182 days avg)

1.7–2.2

Years to full payback
(low–high investment)

Annual revenue ÷ total investment = 45% recovered per year

45%

Total investment: ¥11.7M – ¥15.2M · purchase + renovation + setup fees

Based on area averages from AirROI 2025–2026 (471 active listings). Not financial advice. Actual revenue depends on occupancy, management costs, and STR permit status.

Grade C

Renovation Required

The house dates from 1987, placing it under Japan's post-1981 seismic standard. Its condition is graded C and it is sold as-is, with partial renovation required. Scope and cost should be confirmed by your own inspection before purchase.

Renovation estimate: ¥1.0M – ¥4.0M

Structural inspection not yet conducted. An independent inspection is strongly recommended before purchase.

STR Market — Fujikawaguchiko area (reference; this property is in Narusawa)

$241

ADR · avg daily rate

49.8%

Occupancy · 182 days avg

$41,581

Est. annual revenue

Seasonal Demand

Jan

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Source: AirROI 2025–2026 · 471 active listings analysed

⚠ Minpaku Status: Requires Verification

Requires verification before purchase

Approximate location. The pin marks the centre of Narusawa, Yamanashi (山梨県南都留郡鳴沢村) — the municipality stated on the source listing. The street address is not published; we disclose it by email once you enquire.

Investor Due Diligence Checklist

⚠ Minpaku (STR) permit — Requires pre-purchase verification with municipal office
⚠ Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
i Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
i Utilities: Verify water supply (public / well), sewage (公共下水 vs. 浄化槽), gas (city gas / propane — propane is 2–3× higher cost).
✓ Earthquake resistance: Built 1987 — post-1981 new seismic standard (新耐震)
i Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).

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