Apartment Building Investment Opportunity in Yokohama's Kanagawa Ward

This apartment building, constructed in January 2015, presents a compelling investment property in the established residential area of Yokohama's Kanagawa Ward. The building is a two-story wooden structure with a total floor area of 199.20 sqm (approximately 60.25 tsubo), situated on a generous land plot of 389.09 sqm (about 117.69 tsubo). The property comprises 16 residential units, offering a stable income stream. The land is designated as Category II Medium-to-High-Rise Exclusive Residential Zone within the urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 150%.

Critical agent notes provide essential details. The road access situation is detailed as follows: two-sided road access (excluding corner lot) with a 4m wide private road to the east (facing width 3.7m) and a 4m wide road to the southwest. Important remarks include: unit exclusive areas range from 12.45 sqm to 12.45 sqm; a set-back requirement of approximately 8.6 sqm; the property is undergoing an owner change; there is a private road burden/share; for a separate 37.00 sqm area, a 1/2 ownership share is held; the Soil Regulation Law applies. Additionally, a separate monthly bicycle parking fee of 3,000 yen is collected (300 yen x 10 spaces).