High-Yield Micro-Apartment Building: Acquire by Assuming Tenant Deposits

▼ Click, Show more ▼ Korea's Jeonse lease system offers a major advantage: buyers can leverage existing high-value security deposits to acquire property with minimal out-of-pocket cash and zero bank debt. 🌸 WHY INVEST HERE? Prime Investment Opportunity | Multi-Family Residential Asset with Stable Cash Flow (※ USD values estimated based on current exchange rate: 1,380 KRW / USD) 🌟 Key Investment Highlights Turnkey Rental Asset: High-performing 17-unit multi-family building generating steady monthly income. Low Upfront Capital: Acquire by assuming existing tenant deposits (713M KRW / ~$516,600 USD), drastically reducing required initial cash outlay. High Tenant Demand Hub: Located in Jinan-dong near key commercial and manufacturing hubs, ensuring high occupancy and low vacancy risk. 🌸 Financial Summary (Subject to Change) Asking Price: 2.29 Billion KRW (Approx. $1,659,400 USD) Total Security Deposit: 713 Million KRW (Approx. $516,600 USD) (Assumable) Gross Monthly Rental Income: 6.32 Million KRW / month (Approx. $4,580 USD / month) Monthly Maintenance Fee: Approx. 600,000 KRW (Approx. $435 USD) Net Expected Yield (Cap Rate): Approx. 6.28% 🌸 Property Specifications Location: 474-18 Jinan-dong, Byeongjeom-gu, Hwaseong-si, Gyeonggi-do Zoning District: Class I General Residential Zone Building Use: Multi-Family Housing (Multi-Unit Residential) Land Area: 343 m² (Approx. 3,692 sq. ft.) Gross Floor Area (GFA): 607.03 m² (Approx. 6,534 sq. ft.) Approval Date: July 15, 2016 Building Height: 5 Floors (1F–5F) Parking Spaces: 12 spaces Elevator: 1 Elevator Unit Breakdown (17 Units Total / 27 Rooms / 18 Bathrooms): 5 Studio Units 4 1.5-Bedroom Units (Separate Bedroom & Living Area) 8 Two-Bedroom Units 1 Three-Bedroom Unit 🏡 REAL ESTATE AGENCY & CONTACT Agency: Golden Real Estate Agency (금빛공인중개사사무소) Representative Broker: Jiyoung Joy Son (손지영) Reg. No.: 41590-2022-10025 | Biz No.: 330-70-00290 Address: 114-1, Byeongjeomdong-ro, Hwaseong-si, Gyeonggi-do 📞 Get in Touch: Mobile / WhatsApp: +82 10-7202-9869 💬📞 Office Phone: +82 31-226-7776 | Fax: +82 31-226-7707 Email: [email protected] KakaoTalk ID: contigo999 Website: joysonrealty.com/en/ YouTube: @joysonrealty Blog: blog.naver.com/joysonrealty