Investment Apartment Building in Saitama City

This property is a multi-unit apartment building located in the Nara-cho area of Kita-ku, Saitama City, Saitama Prefecture. The building is a two-story wooden structure, constructed in July 2017, comprising a total of 10 residential units. Each unit is a 1K layout with a loft, featuring a separate bathroom and toilet. All units face southeast, ensuring good natural light throughout the day. The total building floor area is 203.46 square meters, situated on a land area of 235.65 square meters, with an additional private road area of approximately 115.84 square meters (with a 1/4 shared ownership stake).

The property is currently fully tenanted, with all 10 units occupied. The annual projected rental income at full occupancy is estimated at 7,370,400 yen, representing a projected gross yield of 6.7%. Please note that this yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting fixed property taxes and other necessary maintenance costs. The estimated rent and yield are based on market rent levels for the area and assume full occupancy; future rental income is not guaranteed. The survey date for this information is May 25, 2026. The property is sold with existing tenant leases, which the new owner must take over.

The building is located at a corner lot facing northeast and southeast, with road frontage of approximately 4 meters on the southeast side (public road) and approximately 4 meters on the northeast side (private road). Parking is available for two cars, with one space currently vacant at a monthly fee of 6,600 yen (tax included). The property is zoned for Category 1 Medium-to-High-Rise Residential Use, with a building coverage ratio of 60% and a floor area ratio of 200%. The land title is freehold. Access to the property is a 13-minute walk from Miyahara Station on the Takasaki Line. The property is being offered through a brokerage arrangement, and the delivery date is negotiable.