Property Overview: Apartment Building in Aiokawa, Kanagawa

This property is a steel-structured apartment building located in Aiokawa, Kanagawa Prefecture. Constructed in January 1980, the building comprises 15 residential units across a single floor. The registered layout is 3K, with a floor area of 39.31 square meters. The building includes a balcony and is situated on a land share of 1,398.84 square meters, which is zoned for semi-industrial use. The land is held under ownership rights. The building-to-land ratio is 60%, and the floor area ratio is 200%. The property is being offered as part of a court auction, with a base bid price of 1,120,000 yen and a minimum bid of 896,000 yen. The earnest money deposit required is 224,000 yen. The property has a gross yield of 24.1% and a cap rate of 17.5%. The lease demand rating is 14 out of 25 points. The case is handled by the Yokohama District Court (Odawara branch), with the bid deadline set for June 11, 2026. The sale type is a sealed bid auction. The property is located approximately 9.1 kilometers north of Hon-Atsugi Station on the Odawara Line, with bus stops such as Sakamoto Entrance about 350 meters to the northwest, Nishi 1-chome about 400 meters to the west, and Sakura-dai about 500 meters to the east.