Investment Portfolio Property in Honjo City, Saitama

This is a portfolio-type income property located in Honjo City, Saitama Prefecture. The property consists of one apartment building (2DK x 8 units), one detached house (3DK), and one warehouse. Additionally, there are 10 parking spaces included. The property is currently fully occupied, generating a monthly rent of 331,000 yen, which results in a current yield of 10.18% based on the asking price. Honjo City has seen an increase in restaurants and commercial facilities, bringing vitality to the area. The presence of factories nearby ensures stable rental demand. The rent is set slightly below market average, limiting the risk of significant decreases and offering potential for gradual increases in the future. The diversified structure is a strength, as income from the apartment, detached house, and warehouse reduces the risk of zero income during vacancies. Property management is outsourced to a nearby management company, handling tenant recruitment and complaints, making it suitable for distant investors.

Renovation history includes: painting of handrails, full interior painting of the warehouse, painting and replacement of ceilings and cross panels in each room, replacement of some flooring and CF, installation of indoor washing machine spaces, installation of TV monitor intercoms, installation and replacement of air conditioners, and replacement of some warm-water washing toilet seats.

Property summary: Land area: 567.04 sqm. Building area: 314.66 sqm (apartment), 88.6 sqm (detached house), 22.35 sqm (warehouse). Structure: Wooden 2-story (apartment), wooden elevated single-story (detached house), wooden (warehouse). Current status: Vacant. Asking price: 39,000,000 yen. Year built: Apartment - October 1987, Detached house - November 1987.