Property Overview: Land and Building in Iruma, Saitama
This listing presents a unique investment opportunity in Iruma, Saitama, involving a court auction for a property bundle consisting of several land parcels and a two-story wooden residence. The base bid price is set at 8,121,000 yen. The property is located at 441番8, 441番11, 441番12, 441番13, 441番7, and 441番地7 in Ogimachiya 5-chome, Iruma City. The primary building is a wooden structure with a slate roof, built in April 2014. It has a total registered floor area of 101.23 square meters, with 53.41 square meters on the first floor and 47.82 square meters on the second floor. The layout is classified as "Others." The land is zoned for semi-residential use, with a building-to-land ratio of 60% and a floor area ratio of 200%. The property includes multiple land parcels with registered categories of residential land and other land, some of which are actual public roads. The share for certain parcels is 1/12. The property is being sold through a sealed bid auction by the Saitama District Court (Kawagoe), with a bid deadline of June 11, 2026. The gross yield is estimated at 18.4%, and the cap rate at 13.4%. The property is currently occupied by the debtor/owner. Access is approximately 2 kilometers southwest of Iruma-shi Station on the Seibu Ikebukuro Line, and about 2.37 kilometers southeast of Bushi Station on the same line.
