• Address: 4-10 Kusunokichō, Nishi Ward, Yokohama, Kanagawa 220-0003 (Google Maps  Link)

• Neighborhood: Residential buildings and a few small parks. There are no heavy industry or manufacturing sites nearby.

• Structure: Reinforced concrete with 11 floors above ground.

• Property rights: Freehold

• Construction: Completed in May 2001.

• Floor plan/layout: 2LDK (Japanese Layout Key)

  • Bedroom one: 5.5 tatami-mat equivalent (approx. 9.09 m2/97.84 ft²)

  • Bedroom two: 6.0 tatami-mat equivalent (approx. 9.91 m2/106.67 ft²)

  • Kitchen: 3.0 tatami-mat equivalent (approx. 4.95 m2/53.28 ft²)

  • Living/Dining: 9.5 tatami-mat equivalent (approx. 15.70 m2/168.99 ft²)

  • Two balconies facing northwest and southeast.

• Total floorspace: 55.33 m2 (595.56 ft²)

• Units in building: 58

• Building management company: Nihon Housing K.K.

• Building maintenance staffing:  Available during daytime via outsourced staffing agency.

• Occupancy: Currently occupied by tenant paying ¥150,000/month.

• Pets: Allowed in building with some restrictions.

• Non-residential use: Prohibited

Running Costs

• Common area maintenance fee: ¥11,070/month paid to building management company

• Reserve fund for long-term repairs: ¥4,800/month paid to homeowners association and managed in partnership with building management company.

• Parking

  • Passenger vehicle: ¥15,000/month

  • Motorbike: ¥2,000/month

  • Bicycle:  ¥0/month

• Bashamichi Room property management fee: 5% of rent (¥7,500/month)

• Property tax: ¥98,683 (as of FY 2022)

Local Area

• Park and playground: 1-minute walk

• Daily Yamazaki convenience store: 2-minute walk 

• My Basket grocery store: 3-minute walk

• Hamabowl entertainment and dining: 7-minute walk

• Yokohama Station: 8-minute walk

• Building includes parcel delivery lockers and auto-lock lobby.

Listed price: ¥42,800,000

Brokerage fee + tax: ¥1,478,400

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: ¥45,368,000 〜 ¥45,796,000

Estimated gross yield: 4.20% (as of April 29, 2022)

Annual rental income: ¥1,800,000 (as of April 29, 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)