Apartment Investment Opportunity in Yugawara, Kanagawa

This property is a studio apartment unit located on the 4th floor of a 7-story steel-reinforced concrete building in Yugawara, Kanagawa Prefecture. The unit has a registered floor area of 15.73 square meters and is complemented by a balcony measuring 4.08 square meters. Constructed in December 1991, the building comprises a total of 25 units. The property is being offered through a court auction process with a base bid price of 480,000 yen. The minimum acceptable bid is 384,000 yen, and an earnest money deposit of 96,000 yen is required. The property is currently occupied. Ownership of the land is freehold. A monthly service fee of 8,710 yen applies. The address of the property is Dohi 2-chome, 10-2-405, Yugawara Town, Ashigarashimo District, Kanagawa. Access to the property is approximately 500 meters southeast of JR Tokaido Main Line Yugawara Station, which is about a 6-minute walk. The gross yield is reported at 28.7%, and the cap rate is 20.9%. The case number is 2025(M)141, and the sale is a sealed bid auction. The bid period runs from June 4, 2026, to June 11, 2026. The sale decision is scheduled for June 30, 2026. Viewing of the property begins on May 13, 2026. The court handling the auction is the Yokohama District Court, Odawara branch.