Buy Building for Investment in Yokohama

Mitsuzawa Kawamoto Building for ¥9,900,000 (3-Story Mixed-Use)

  • 1st Floor: commercial space with 79.80 sqm. Currently vacant.

  • 2nd Floor: commercial space with 41.06 sqm. Currently rented by tenant.

  • 2nd Floor: residential space (2DK unit) with 45.62 sqm. Currently occupied by owner.

  • 3rd Floor: residential space (4LDK unit) with 87.86 sqm. Currently occupied by owner.

  • Built in August 1999 with a heavy steel dyne concrete structure on a 171.36 m² lot. Building area ratio is 60%, and the floor area ratio is 200%.

  • There is enough parking for up to 1 vehicle depending on the size.

  • The building is connected to standard electricity, city gas, and municipal water and sewage.

  • Land rights: Freehold

  • Mitsuzawa-Kamicho Station: 10-minute walk

  • Neighborhood includes a convenience store (4-minute walk), supermarket (5-minute walk), large public park and sports grounds (1-minute walk), and large municipal hospital (10-minute walk).

Listed price: ¥117,000,000

Brokerage fee + tax: ¥3,927,000

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: ¥124,020,000 〜 ¥125,190,000

Estimated gross yield: 8.2% (as of January 1, 2022)

Annual rental income: ¥9,601,200 (as of January 1, 2022)

* 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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