Property Overview: Land and Building in Konan, Yokohama
This property is a court auction listing for a combined land and residential building located in Konan, Yokohama, Kanagawa Prefecture. The asset consists of two registered property numbers: one for the land and one for the building. The land is classified as residential land with a registered area of 168.43 square meters. It is zoned as a Low Residential Class I area, with a building-to-land ratio of 40% and a floor area ratio of 80%.
The building is a two-story wooden structure with a slate roof, constructed in November 2007. The total registered floor area is 106.30 square meters, comprising 57.10 square meters on the first floor and 49.20 square meters on the second floor. The interior layout includes a 1LDK on the first floor and three rooms plus a roof storage area on the second floor. The property includes a right of ownership for the land.
The base bid price is set at 18,430,000 yen, with a minimum bid price of 14,744,000 yen. The property is being sold through a sealed bid auction by the Yokohama District Court, with a bid deadline of July 14, 2026. The cap rate is listed at 8.8%, and the gross yield is 12.1%. An earnest money deposit of 3,686,000 yen is required. The property is located in the Konan district of Yokohama, with access to public transportation via the JR Negishi Line's Konandai Station, approximately 1,700 meters to the southeast, and a bus stop named 'Konandai Daiichi Shogakko Mae' about a two-minute walk to the southeast.
