A high-yield apartment building in the center of Yokohama is now for sale, but…

Dear Investors:

 

Let us introduce you a high-performance apartment building in Yokohama.  The city is the second largest city in Japan in terms of population.  The apartment building’s details are:

 

 

Address: 1, Matsukage-cho, Naka-ku, Yokohama City (2-min walk from Ishikawacho station & 8-min walk from Kannai station of JR Negishi Line)

Land: 851.26 square meters

Floor area: 3,473.46 square meters

Structure: RC / 11 stories

Coverage: 80%

FAR: 425%

Year built: 2007

Others: 127 x studio, 39 x parking lot

Current operation rate (residence): 116/127

Annual return: 144,792,000 (including 10,632,000 yen for utilities and 13,176,000 yen for parking)

Yield: 8.67%

Asking Price: 1,670,000,000 yen

 

 

a high-performance apartment building in Yokohama

 

 

 Yokohama is one of the most popular cities among Japanese people.  Because it is built on hills encircling a bay, a nice view of Yokohama Bay is available at many districts of the city.  Yamashita Park, a green belt along the bay, is particulary famous and popular.

 

However, there is a drawback about the property.  That is, the quoter in which the property is has been relatively distressed and actully been lower than much of Yokohama City in value.  Occupancy is good, but we would like you to pay extra attention to this fact.

 

 

Please let us know, if you are still interested in the property.

 

 

Best regards,

 

 

Minato Asset Management

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Posted in Tokyo real estate market, Tokyo real estate view, Yokohama City

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