Apartment Name: Clio Kanagawa-Shinmachi Ichibankan 306
This apartment is for primarily for sale as an investment property.
This studio flat has a 1K layout with a balcony (3.26 m²) facing northwest and 16.01 m² of floor space on the 3rd floor of a 10-story building that has a total of 75 units.
The apartment building was built in 1992 using a steel and reinforced concrete structure.
Land rights for this apartment are freehold.
This Google Maps link HERE will show you the exact location of the apartment building.
Located in Kanagawa Ward, Yokohama, the apartment is within a 3-minute walk of Kanagawa-Shinmachi Station on the Keikyu Line, a 10-minute walk of Keikyu Higashi-Kanagawa Station on the Keikyu Line, and an 11-minute walk of Higashi-Kanagawa Station on the JR Keihin-Tohoku Line.
The building is hooked up to electricity, municipal water/sewage, and cable TV. The building also has an an elevator and an auto-lock lobby.
The unit is has one closet, a newly refurbished kitchenette with extra counter space for a portable IH stovetop and other small appliances. The apartment comes with a 3-piece unit bath, and new flooring and wallpaper in both the kitchen and the bedroom. This space can be rented out either as a residential space or a small remote work space.
CAM fee: ¥6,000
Long-term repair reserve fund: ¥5,400
Listed price: ¥9,200,000 (Negotiable)
Brokerage fee: ¥330,000
Brokerage fee tax: ¥33,000
Brokerage fee total: ¥363,000
Stamp tax: ¥10,000
Real estate registration tax (approximate): 2％ of asset value*
Fixed asset tax: 1.4％ of total asset value:*
City planning tax: 0.3％ of total asset value*
Approximate Total Cost: ¥9,740,000〜¥9,830,000*
Potential annual rental income: ¥576,000〜¥648,000 based on similar properties in the same building.
Gross yield: (Flat is currently vacant)
* Total cost of ancillary taxes and fees will be between 6% and 7% of the listed price. Asset Value, which can fluctuate on a yearly basis, is substantially lower than the listed Market Value. Actual tax is calculated annually by local legal affairs bureau once a year. Exact amount of tax is not known until the municipality sends out the tax bills at the end of the fiscal year.
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