Property Overview: Apartment Building in Fujisawa, Kanagawa

This property is a two-story apartment building located in the Tsutsumi area of Fujisawa City, Kanagawa Prefecture. The building was constructed in April 1974 and features a combined structure of steel-reinforced concrete and wood, with a flat roof finished with zinc-coated steel sheets. The total floor area is 130.63 square meters, comprising 76.56 square meters on the first floor and 54.07 square meters on the second floor. The layout is a 5LDK plus a laundry room. The land area is 152.16 square meters, and the property is zoned for Class II residential use, with a building-to-land ratio of 60% and a floor area ratio of 200%. The property is a court auction listing with a base bid price of 15,580,000 yen. The minimum bid price is set at 12,464,000 yen. The property is being sold through a sealed bid auction by the Yokohama District Court (Main). The bid deadline is June 16, 2026, with a sale decision scheduled for July 6, 2026. The property includes two building numbers, with the main building registered as a residence. The occupant is listed as the debtor/owner. The land right is ownership. The property has an estimated gross yield of 17.2% and a cap rate of 12.5% based on the base bid price. The property is located approximately 2.1 kilometers northeast of Fujisawa Station on the JR Tokaido Main Line, with the nearest bus stop being 'Watanai' about a 3-minute walk away. Additional access includes Odakyu Enoshima Line's Fujisawa Station (1.76 km northeast), Enoshima Electric Railway's Fujisawa Station (1.86 km northeast), and Shonan Monorail's Shonan-Machiya Station (2.28 km northwest).