Investment Apartment Building in Yokohama's Minami Ward

This reinforced concrete apartment building, constructed in May 1988, is located at Bessho 5-chome in Minami Ward, Yokohama City, Kanagawa Prefecture. The property offers a total floor area of 610.07 square meters on a land area of 308.84 square meters. The building comprises four stories and contains 18 units, including one shop and 17 studio apartments. Each unit has a floor area ranging from 16.5 to 28.15 square meters. The building is currently tenanted, and the lease agreements will need to be taken over by the new owner. The propane gas contract must also be assumed. The property faces a public road of approximately 12.9 meters to the south. The land is zoned for Category 1 residential use with a building coverage ratio of 60% and a floor area ratio of 200%.

Access to public transportation is via the Keikyu Main Line's Kamiooka Station, which is a 24-minute walk away. Alternatively, a bus ride from the Suidobashi-shita stop, a one-minute walk from the property, takes 11 minutes to reach Kamiooka Station. During the morning commuting hours, there are over 10 buses per hour heading toward Kamiooka Station. The building also generates additional income from a mobile phone base station, though this amount is not included in the stated rental income.

The annual projected rental income for the property, assuming full occupancy, is 13,485,600 yen, representing a gross yield of 7.1%. Please note that this yield is calculated as the ratio of annual rental income, including common area fees, to the sale price, and does not account for property taxes, public dues, or other maintenance costs. The projected rent and yield are based on market rent levels and assume full occupancy, but there is no guarantee that this rental income will be consistently achieved in the future. The property is being offered for sale at 188,000,000 yen, and the delivery date is negotiable. This is a brokerage transaction handled by the Yokohama Branch of Mitsui Fudosan Realty.