▼ 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
