Investment Property: Apartment Building in Kawasaki-ku, Kawasaki City

This is a multi-unit apartment building located at 2-chome Kaizuka, Kawasaki-ku, Kawasaki City, Kanagawa Prefecture. The property is a five-story steel-framed building constructed in October 1968, with a total floor area of 840.24 square meters (approx. 254.17 tsubo) on a land area of 344.25 square meters (approx. 104.13 tsubo). The building contains 24 residential units, each with a floor plan of 1K and a dedicated area of 26.18 square meters. Currently, 23 out of 24 units are occupied, making this an owner-change (investor) property where the existing lease agreements will be transferred to the new owner.

The property is located a 15-minute walk from JR Tokaido Line's Kawasaki Station. The annual estimated rental income when fully occupied is 21,492,000 yen, representing an estimated yield of 8.6%. Important notes from the listing: The yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deductions for public taxes and other costs necessary for maintaining the property. The estimated rent and yield are based on the rental market and assume full occupancy. Rental income is not guaranteed to be obtained reliably in the future. (Survey date: April 11, 2026). Additionally, the property is currently under lease (lease agreement transfer required), and the estimated annual income includes parking income of 264,000 yen per year.