For SaleCondominium

Apartment in Yamashitacho, Naka-ku, Yokohama-shi

Yamashitacho, Naka-ku, Yokohama-shi, Kanagawa
  • Near the sea
  • Office use allowed
Asking Price
¥13,700,000
Est. Net Yield: 4.49%
Apartment in Yamashitacho, Naka-ku, Yokohama-shi - 1/4
1 / 4

Executive Summary

This is a 9-story steel framed reinforced concrete (SRC) apartment building constructed in July 1981, located in Yamashitacho, Naka-ku, Yokohama-shi, Kanagawa. Transportation access includes a 2-minute walk from Motomachi-Chukagai Station on the Yokohama Minatomirai Railway MM Line and a 10-minute walk from Ishikawacho Station on the Keihin-Tohoku and Negishi Line. Located on the 7th floor, the unit is a northwest-facing 1R layout with a floor area of 21.9 m2. The building features an elevator, auto-lock system, security cameras, and delivery boxes, while the unit is all-electric, equipped with an IH cooking heater and an air conditioner, and can also be used as an office. Land rights are ownership, and the zoning is Commercial Zone. The property is currently tenanted, and handover timing is open for discussion. Nearby facilities include a supermarket (140 m, 2-minute walk), a drugstore (143 m, 2-minute walk), a convenience store (160 m, 2-minute walk), and a post office (210 m, 3-minute walk).

Property Details

Building Area
21.9 ㎡
Layout
1R
Studio
Structure
SRC
Built Year
1981
Floors
Floor 7 of 9
Earthquake Std.
To be confirmed
Est. Annual Rent
¥780,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
1,557.7 ㎡
Land rights
Freehold
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Live-in
Owners' association
Yes
Total units
171 units

Utilities & nearby

Gas
All-electric
Water
Public water supply
Drainage
Public sewer

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Gross Yield5.69%
Est. Net Yield4.49%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
5.69%
Est. Net Yield
4.49%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥13,910,000+¥610,000¥820,0005.6%-1.3%
2yr¥14,110,000+¥1,230,000¥1,640,00011.2%2.1%
3yr¥14,330,000+¥1,840,000¥2,470,00016.8%3.3%
4yr¥14,540,000+¥2,460,000¥3,300,00022.4%3.9%
5yr¥14,760,000+¥3,070,000¥4,130,00028.1%4.2%
6yr¥14,980,000+¥3,690,000¥4,970,00033.8%4.4%
7yr¥15,200,000+¥4,300,000¥5,810,00039.5%4.6%
8yr¥15,430,000+¥4,920,000¥6,650,00045.2%4.7%
9yr¥15,660,000+¥5,530,000¥7,500,00050.9%4.8%
10yr¥15,900,000+¥6,150,000¥8,350,00056.7%4.8%

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥1,018,100
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥518,100
Real Estate Acquisition Tax (est., rate varies by property type)¥240,000
Registration License Tax (title transfer)¥120,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥130,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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Book a Private Viewing or Online Consultation

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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