[Assessed 176.3%] Six-Unit Apartment Building an 18-Minute Walk from Hashimoto Station, Midori-ku, Sagamihara

A whole apartment building in Higashi-Hashimoto, Midori-ku, Sagamihara, an 18-minute walk from Hashimoto Station, served by the JR Yokohama and Sagami Lines and the Keio Sagamihara Line. Hashimoto is the planned site of a new Linear Chuo Shinkansen station, with the Yokohama Line running towards Shin-Yokohama and the Keio Line towards Shinjuku. The neighbourhood has a The Big supermarket and a Ministop within a minute's walk, and an Ito-Yokado near the station.

Built in July 1980, it is a two-story wooden structure of six units (five 2DK and one 1K), each with 40 sqm of floor space, totalling 247.88 sqm. The land is 375.12 sqm (113.47 tsubo) freehold. It is sold tenanted and fully occupied, with annual income at full occupancy of 3.598 million yen and a gross yield of 7.19%.

The inheritance-tax roadside land price is 235,000 yen/sqm, putting the land's assessed value at about 88.15 million yen; the building's assessed value is zero as a 46-year-old wooden structure. Against the asking price of 50 million yen, the assessed-value ratio is 176.3% — the land alone is appraised well above the asking price. The roadside price has risen for three consecutive years from 215,000 yen in 2024 (+9.3% cumulative).

Note that the listing states neither the fronting road nor the zoning, and gives the address only as far as the district. See the research notes below for details.