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Your ideal tenant will be a young working professional or student needing easy access to Tokyo, Kawasaki, or Yokohama via the JR Negishi Line or Yokohama municipal subway Blue Line.
Buying a condo is a simple straightforward process regardless of whether you currently live overseas, work or study in Japan, or have permanent residency. As long as you have the funds, there are no restrictions for non-Japanese property owners.
Buying a condo is a simple straightforward process regardless of whether you currently live overseas, work or study in Japan, or have permanent residency. As long as you have the funds, there are no restrictions for non-Japanese property owners.
SOLD: 1K Studio Apartment in Yokohama @ ¥8,650,000
SOLD: 1K Studio Apartment in Yokohama @ ¥8,650,000
Apartment Name: Exceel Isezaki 4F
This apartment is for primarily for sale as an investment property as there is already a rent-paying tenant living in the flat.
This studio flat has a 1R layout with a balcony facing northwest and 22.75 m² of floor space on the 4th floor of an 11-story building that has a total of 66 units.
The apartment building was built in 1983 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 Nak Ward, Yokohama, the apartment is within a 4-minute walk of Isezakichojamachi Station on the Blue Line and an 8-minute walk of Kannai Station on the JR Negishi Line.
The building is hooked up to electricity and municipal water/sewage. The building also has an an elevator.
The unit is has an electric hot water heater tank (no connection to city gas), a single-burner electric stovetop in the kitchenette. The apartment comes with a 3-piece unit bath (bathtub with shower, sink, and toilet). This space can be rented out either as a residential space or a small remote work space.
Running Costs:
CAM fee: ¥9,100
Long-term repair reserve fund: ¥4,550
Total: ¥13,650
Listed price: ¥8,650,000 (Negotiable)
Brokerage fee total (including tax): ¥351,450
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: ¥9,169,000〜¥9,255,500*
Potential annual rental income: ¥696,000 (based on contract of current tenant).
Gross yield: 8.04%
* 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.
Inquire HERE using this contact form or call 045-663-2208 | 080-9511-7860
You can also email directly at robert@basyamichijisyo.com
(Closed Tuesday and Wednesdays | Hours 10:00 to 19:00)
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