• 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)