Compact Investment Condominium in Kawagoe's Quiet Residential Area
This property is a compact one-room condominium unit for sale, located on the 3rd floor of a 4-story reinforced concrete (RC) building constructed in April 1990. The unit offers a wall-core exclusive area of 17.4 sqm (approximately 5.26 tsubo) and features a 3.92 sqm balcony with a southwest-facing orientation, ensuring good sunlight. The building is situated in a quiet residential neighborhood in Kawagoe City, Saitama Prefecture, and benefits from convenient access to two different train lines.
Translated agent notes provide essential details. The equipment includes a washbasin, storage space, air conditioning, internet connectivity, flooring, a bed, a monitor-equipped intercom, city gas, water supply, sewage, hot water supply, shared toilet, shared bath, elevator, coin laundry, and a bicycle parking area (no motorcycle parking). Built-in features include a folding bed. Special notes highlight the quiet residential area, good sunlight, tile-clad exterior, and access to two train lines. Important remarks specify that this is an owner change transaction, pets are not allowed, and the unit cannot be used for office purposes. The transaction type is exclusive intermediary.
Financially, the property is priced at 4.5 million yen. Monthly common fees are 7,300 yen, with a repair reserve fund of 3,760 yen. There is no repair reserve fund deposit, parking, or key money required. The property is currently occupied, with the handover timing open for discussion. It is projected to generate an annual rental income of 420,000 yen, resulting in a calculated yield of approximately 9.33%.
The area of Kawagoe, often called "Little Edo," is famous for its well-preserved historical warehouse district from the Edo period, offering a unique glimpse into old Japan. The closest major landmark from this property is the iconic Kawagoe Hikawa Shrine, a historic and culturally significant site known for its beautiful architecture and popular among visitors.
