Grande Vista Aobadai: A Spacious 3LDK Investment Apartment in Yokohama
This property is a well-maintained 3LDK apartment located in the desirable Aobadai district of Yokohama, Kanagawa Prefecture. Built in March 2004, the building is a 5-storey above-ground, 2-storey below-ground reinforced concrete structure with a total of 227 units, offering a substantial community. The specific unit is on the 4th floor, facing east, and boasts a generous private area of 72.28 sqm (approximately 21.86 tsubo). Its layout includes three bedrooms, a living-dining-kitchen area, and a 12.6 sqm balcony equipped with a slop sink for added convenience.
Key features of the apartment include a face-to-face kitchen ideal for family interaction, underfloor heating in the living-dining area for comfort, ample storage with built-in closets in all rooms and a walk-in closet, and a dedicated entrance porch with a gate. The property is also pet-friendly, subject to detailed rules. A critical note is that the unit is currently tenanted, and the lease agreement requires transfer to the new owner upon purchase.
As an investment, the property presents a projected annual rental income of 2,148,000 yen based on a full occupancy assumption, with a projected yield of 4.09%. It is crucial to note the agent's remarks regarding these figures: The yield is calculated as the ratio of the annual rental income (including common service fees) to the sale price, before deducting taxes, public charges, and other necessary maintenance expenses. The projected rent and yield are estimates based on market rates, adding assumed rent for any vacant spaces to simulate full occupancy. Importantly, rental income is not guaranteed to be reliably obtained in the future. (Survey Date: -).
The building offers excellent facilities including a delivery box and on-site parking (available for rent, with one space currently vacant at a monthly rate of 9,500 to 20,000 yen). Monthly fees include 13,500 yen for management and 30,650 yen for repair reserve funds. The location is highly convenient, just a 10-minute walk from Aobadai Station on the Tokyu Den-en-toshi Line, placing you within easy reach of central Tokyo. The area is surrounded by daily amenities, with supermarkets, parks, and convenience stores all within a short walking distance.
The Aobadai area is known for its lush, green residential atmosphere and upscale feel. An interesting local fact is that the nearby Aobadai Station area was developed as a model suburban community in the 1960s and 70s, integrating residential zones with commercial facilities in a planned, park-like setting. For recreation and culture, residents are within a reasonable distance of major attractions like the Yokohama Museum of Art and the scenic Minato Mirai waterfront district.
