Investment Property in Atsugi City
This property, located in Minami-cho, Atsugi City, Kanagawa Prefecture, is a mixed-use residential building offered for sale. The building is a three-story wooden structure constructed in January 2016 by Misawa Home. It comprises a total of five residential units, including two 1LDK apartments and two 2LDK apartments, along with a 6LDK owner's unit. The property also includes parking for four cars and bicycle parking.
The building is equipped with solar panels, which are under a power purchase agreement for selling electricity back to the grid. Part of the property is currently under a sublease agreement. The total building area is 337.85 square meters, and the land area is 255.94 square meters. The property is currently tenanted, and the existing lease agreements will be transferred to the new owner.
The estimated annual rental income, assuming full occupancy, is 9,308,674 yen, representing a projected yield of 4.5%. Please note that this yield is calculated based on the annual rental income (including common area fees) relative to the sale price, before deducting property taxes and other maintenance costs. The estimated rent and yield are calculated based on market rents for vacant units, assuming full occupancy. This does not guarantee future rental income. The property is a 15-minute walk from Hon-Atsugi Station on the Odakyu Odawara Line.
