Investment Apartment Building in Kawasaki-ku, Kawasaki City

This is a wooden two-story apartment building located in the Steel Pipe Road (Kōkan-dōri) 4-chome area of Kawasaki-ku, Kawasaki City, Kanagawa Prefecture. Constructed in July 2014, the property comprises a total of 8 residential units. The building sits on a land area of 114.05 square meters (approximately 34.50 tsubo) and has a total floor area of 115.42 square meters (approximately 34.91 tsubo). The property features a bicycle parking area for residents. It faces a single public road to the southeast, which is 5.4 meters wide. The land is zoned for quasi-industrial use within an urbanization promotion area, with a building coverage ratio of 60% and a floor area ratio of 200%. The property is currently tenanted and is being sold as an owner-change investment opportunity. There is an additional separate income from propane gas of 200 yen per unit per month. The assumed annual income when fully occupied is 5,431,200 yen, representing a yield of 6.5%. The property is located just a 3-minute walk from Hamakawasaki Station on the Nambu Line, offering convenient access to central Tokyo and other parts of the metropolitan area. The surrounding neighborhood is a mixed industrial and residential area with good access to local amenities and transport links.