Investment Apartment Building in Mitaka, Tokyo
This property is a reinforced concrete and steel-reinforced concrete apartment building located in the Nakahara district of Mitaka, Tokyo. Constructed in July 1989, the building comprises two floors above ground and one basement level. The first and second floors each contain seven apartment units with a 2DK layout. The basement level is dedicated to a flat parking area with capacity for ten vehicles.
The total floor area is 640.71 square meters, with the first floor measuring 236.25 square meters, the second floor also 236.25 square meters, and the basement 168.21 square meters. The property sits on a combined land area of 481.56 square meters, consisting of three adjacent residential land parcels. The land is zoned as Class I Low Residential, with a building-to-land ratio of 40% and a floor area ratio of 80%.
The property is being sold via court auction with a base bid price of 130,570,000 yen. The current gross yield is listed at 13.5%, with a cap rate of 9.8%. The property is currently occupied, and the bid deadline is June 24, 2026.
