[Assessed 82.6%] Apartment building in Midori-ku, Yokohama, Kanagawa — 16 min from Kamoi Sta.

A whole-building apartment in Higashihongo 4-chome, Midori-ku, Yokohama, a 16-minute walk from Kamoi Station on the JR Yokohama Line. Kamoi reaches Yokohama Station in 17 minutes without a transfer, and Kozukue Station is also within walking distance, giving the property two stations. A Maibasuketto and a FamilyMart are within about a 6-minute walk.

Built in July 1982, the wood-frame two-storey building has five units, all 2DK with 37.75 sqm of private floor area. The land is 239.93 sqm and the total floor area is 173.78 sqm. The land is freehold with no private-road burden noted, and it is a regular-shaped lot fronting a 6.50 m public road on the south side over an 11.00 m frontage, in a Category 1 low-rise exclusive residential zone.

Against the 45,000,000 yen asking price, the land assessed value at the inheritance-tax road price of 155,000 yen/sqm comes to 37.18 million yen, an assessed ratio of 82.6%. The building is 44 years old, beyond the 22-year statutory life for wood construction, so it is treated as zero. It is currently tenanted, with 3,300,000 yen of annual income at full occupancy and a gross yield of 7.33%. The road price has risen 6.9% over three years from 145,000 yen in 2024.

Exterior photographs show the frontage road and the site at roughly the same level, with no retaining wall or stepped access. However, the lot number is absent from the listings, so the road price band is not settled — please see the research notes.