Court Residence Mitsuzawa Kamicho: A Modern Investment Apartment Building in Yokohama
Court Residence Mitsuzawa Kamicho is a well-maintained, two-story wooden apartment building constructed in November 2015, located in the quiet, green residential neighborhood of Minezawa-cho, Hodogaya Ward, Yokohama. This investment property offers a total of six 1K units, each approximately 16.56 sqm in size, with a total building area of 99.36 sqm on a land plot of 125.03 sqm. The property is situated in a Category I Low-Rise Exclusive Residential Zone, ensuring a peaceful living environment.
The building is fully occupied and generating a current annual rental income of 4,392,000 yen, with an assumed yield of 6.6% based on a full-occupancy scenario. Important agent notes clarify the financial details: "The yield is the ratio of annual rental income (including common area fees, etc.) to the sales price, before deducting public charges and other expenses necessary to maintain the property. The assumed rent and assumed yield are calculated based on market rent, adding rent for vacant units and assuming full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 7, 2026)."
Each unit is equipped with modern amenities including a monitor-equipped intercom, shoe box, loft space, air conditioning, storage staircase, picture rail, indoor laundry space, indoor clothes-drying area, window shutters, and a delivery locker. The building also features a covered bicycle parking area. A critical legal note is provided: "This property is currently tenanted (tenant lease agreement transfer required). As the property does not front a road as defined by the Building Standards Act, in principle, construction, extension, or rebuilding of the building is not permitted. If certification under Article 43, Paragraph 2, Item 1 of the Building Standards Act is obtained, construction, extension, or rebuilding of the building becomes possible."
The location offers excellent convenience, being just an 8-minute walk from Mitsuzawa Kamicho Station on the Yokohama Municipal Subway Blue Line, providing direct access to Yokohama Station in just 4 minutes. The area is served by supermarkets within a 5-minute walk. An interesting local fact is that the nearby Yokohama National University campus is within a 25-minute walk, contributing to the area's vibrant and academic atmosphere. The closest major landmark is the iconic Yokohama Chinatown, one of the largest in the world, easily accessible via the subway and offering a rich cultural and dining experience.
