A two-storey wooden 1LDK house in Shimo-Ochiai 3-chome, a 4-minute walk from Mejiro Station on the JR Yamanote Line. It was fully renovated in autumn 2024 and has been operating as a ryokan (licensed inn, not a minpaku) since December 2024, per the listing materials. - Price: ¥96,000,000 (tax included) - Income: annual revenue ¥9.93 million (current); gross yield approx. 10.3% at the current occupancy rate of about 60% (as stated in the listing materials) - Access: JR Yamanote Line, Mejiro Station 4 min walk; Seibu Ikebukuro Line, Ikebukuro Station 15 min walk; Toden Arakawa Line, Gakushuin-shita 17 min walk - Land: 41.40㎡ (registered), freehold, flat, no private road burden - Building: wooden, 2 storeys, total floor area 47.72㎡, 1LDK, built February 1990, fully renovated autumn 2024 - Layout (from the floor plan): 1F entrance, dining/kitchen, toilet, washroom, bathroom with shower, laundry space; 2F Western-style room with walk-in closet - Parking: none - Zoning: urbanization promotion area, Category 1 residential zone, building coverage 60%, floor area ratio 300% - Ryokan license: after paying the full purchase price, the buyer must apply for the ryokan business license again; the seller will cooperate by providing the required documents. The listing materials recommend that the buyer consult the Shinjuku City public health center before signing the contract - Current status: operating as a ryokan - Handover: 90 days after the contract date (at least 3 months' lead time required)