Property Overview: Tsurumi, Yokohama
This property is a land and building asset located in Tsurumi, Yokohama, Kanagawa Prefecture, currently offered through a court auction. The base bid price is set at 53,740,000 yen, with a minimum acceptable bid of 42,992,000 yen. The property consists of a residential land plot with a registered area of 547.93 square meters and a two-story steel-reinforced concrete apartment building constructed in April 1987.
The building has a registered total floor area of 352.86 square meters, with 176.43 square meters on each floor. The layout on both floors comprises four units per floor, each being a 2DK configuration, resulting in a total of eight apartment units. The land is zoned as Category I Low-Rise Residential, with a building-to-land ratio of 50% and a floor area ratio of 100%. Ownership of the land is freehold.
The property is currently occupied, and the gross yield is estimated at 16.5%, with a cap rate of 12.0%. The lease demand score is 22 out of 25 points. Access to the property is via a bus stop named 'Bessho' approximately a 2-minute walk away, with JR Keihin-Tohoku Line's Tsurumi Station located about 1.6 kilometers to the northwest by road. Additional stations include JR Tsurumi Line's Tsurumi Station at 1.32 kilometers and Keikyu Main Line's Keikyu Tsurumi Station at 1.53 kilometers, both to the northwest.
