Apartment in Niiza, Saitama – Auction Property Overview
This property is an apartment unit located in Niiza City, Saitama Prefecture. The unit is situated on the second floor of an eight-story steel-reinforced concrete apartment building constructed in August 1993. The apartment offers a 3LDK layout with a total floor area of 54.83 square meters and includes a balcony. The property is being offered as part of a court auction (sealed bid) managed by the Saitama District Court, with a base bid price of 5,640,000 yen. The minimum acceptable bid is set at 4,512,000 yen. An earnest money deposit of 1,128,000 yen is required. The property has a gross yield of 13.5% and a cap rate of 9.8%. A monthly service fee of 24,430 yen applies. The land right is ownership (fee simple). The property is currently occupied by the debtor/owner. The building contains a total of 86 units. The address is 1622-5-203, Ishigami 4-chome, Niiza-shi, Saitama. The nearest train station is Higashi-Kurume Station on the Seibu Ikebukuro Line, located approximately 1,470 meters to the northeast in a straight line. Hibari-ga-oka Station on the same line is approximately 1.90 kilometers to the north. The property is classified as a residence under registered type.
