5.3% yield, an apartment block in Tachikawa, Tokyo for sale!

Tachikawa is one of the largest dormitory suburb of Tokyo, there are several department stores and large hotels surrounding Tachikawa Station.
The property consists of 38 1K (studio) units and 4 parking lots outside, all of the units and parking lots are under master lease contract.

Price: 385 million JPY (approx. 12.7 million QAR / 3.47 million USD)
Total floor space: 780.23 sqm (4 stories, 1K x 38 units)
Site area: 418.60 sqm
Gross yield: 5.30% (Currently under master lease contract)
Completion: Mar 1993
Structure: RC (Reinforced Concrete)
Land ownership type: Freehold
Transportation: 9min walk to JR Tachikawa Sta. 30min ride to Shinjuku Sta.
Map: https://goo.gl/maps/bXxGGjFGnyt

Tachikawa Sta. 9min walk