Apartment Building Investment Opportunity in Yokohama Asahi Ward
This property is a lightweight steel frame apartment building located in Kamishirane-cho, Asahi Ward, Yokohama City, Kanagawa Prefecture. Constructed in May 1989, the two-story building comprises a total of four residential units. The building has a total floor area of 134.68 square meters and sits on a land area of 189 square meters. The unit layouts consist of two 2K units and two 2DK units, with individual unit exclusive areas ranging from 32 to 40 square meters.
The property is currently tenanted, and the existing lease agreements will be transferred to the new owner. The annual rental income based on current tenants is 1,752,000 yen, representing a current yield of 5.6%. The estimated annual rental income if fully occupied is 2,532,000 yen, with an estimated yield of 8.2%. Please note that these yield figures are calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, and do not deduct property taxes or other expenses required to maintain the property. The estimated rent and yield are calculated based on market rent levels, assuming full occupancy by adding rent for vacant units. Rental income is not guaranteed to be obtained reliably in the future. (Survey date: June 26, 2026).
The land is zoned as an urbanization control area (shigaichi chousei kuiki). In principle, new building construction is not permitted in such areas. However, if a building permit is obtained, construction may be possible. The property faces a public road approximately 4.0 meters wide on its north side, with a frontage of approximately 11.0 meters. The building coverage ratio is 50%, and the floor area ratio is 80%. The land rights are freehold (shoyuken), and the land category is field (hatake). The property is conveniently located approximately an 18-minute bus ride from Tsurugamine Station on the Sagami Railway Main Line, followed by an 8-minute walk from the Kodan Shukaijo bus stop.
