Buy Property for Cross-Border Investment:
Court Hills Yokohama Yamate South 2F for ¥47,800,000 (3LDK Condo with Tenant)
Bashamichi Room Services for Overseas Buyers:
Setting up escrow account for purchasing processes, paying fees, paying rental income tax, receiving rent, and forwarding rent (minus taxes) to owner's overseas account.
Translation of contract documents, invoices, billing statements, etc.
Conducting purchase contract meeting via Zoom, Skype, etc., and interpreting discussed content with seller, seller's agent, and judicial scrivener.
Intermediary support between landlord and tenant.
Intermediary support between landlord and contractors for repairs, upgrades, etc.
Conduct tenant screening; processing rental contracts, lease renewals, lease termination requests, and move-out inspections.
Inspect vacant properties and pay utilities for owners not wanting to rent out their property (i.e. vacation-home use)
Court Hills Yokohama Yamate South 2F for ¥47,800,000 (3LDK Condo with Tenant)
Address: 35 Negishiasahidai, Naka Ward, Yokohama, Kanagawa 231-0854 (Google Maps Link)
Neighborhood: Residential with large park nearby (Negishi Shinrin Koen Park). There are no heavy industry or manufacturing sites nearby.
Structure: Reinforced concrete with 2 floors below ground and 6 floors above ground.
Property rights: Freehold
Construction: Completed in January 2006 by Taisei Corporation.
Floor plan/layout: 3LDK (Japanese Layout Key)
Bedroom one: 5.0 tatami-mat equivalent (approx. 8.26 m2/27.09 ft²)
Bedroom two: 7.0 tatami-mat equivalent (approx. 11.57 m2/37.95 ft²)
Kitchen: 3.5 tatami-mat equivalent (approx. 5.79 m2/18.99 ft²)
Living/Dining: 13.1 tatami-mat equivalent (approx. 21.65 m2/71.03 ft²)
Three balconies facing northwest and southeast.
Total floorspace: 77.44 m2 (254.06 ft²) and 12.32 m2 (40.41 ft²) for the southeast balcony.
Units in building: 107
Building management company: K.K. MYM Community
Building maintenance staffing: Available during daytime via outsourced staffing agency.
Occupancy: Currently occupied by tenant paying ¥179,000/month.
Pets: N/A
Non-residential use: Prohibited
Running Costs
Common area maintenance fee: ¥16,700/month paid to building management company
Reserve fund for long-term repairs: ¥5,900/month paid to homeowners association and managed in partnership with building management company.
Parking
Passenger vehicle: ¥10,000/month
Bashamichi Room property management fee: 5% of rent (¥8,980/month)
Property tax: Latest amount requires confirmation from current owner.
Amenities
Negishi Station: 8-minute walk (JR Keihin-Tohoku/Negishi Line)
Negishi Shinrin Park: 5-minute walk (Google Maps)
Building includes parcel delivery lockers and auto-lock lobby.
Listed price: ¥47,800,000
Brokerage fee + tax: ¥1,643,400
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: ¥50,668,000 〜 ¥51,146,000
Estimated gross yield: 4.50% (as of December 16, 2022)
Annual rental income: ¥2,155,200 (as of December 16, 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.
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)
