Investment Apartment Building in Asaka, Saitama
This is a four-unit apartment building located in Asaka City, Saitama Prefecture, presenting an investment opportunity. The property is a two-story wooden structure built in March 1996. It offers a total building area of 95.98 square meters (approximately 29.03 tsubo) and a land area of 96.88 square meters (approximately 29.3 tsubo), with an additional private road burden of approximately 15.36 square meters. The layout consists of four 1DK units, each with a private area ranging from 24 to 28 square meters.
The property is currently tenanted, and the transfer of existing lease agreements is required upon purchase. The estimated annual rental income at full occupancy is 2,520,000 yen, which, against the asking price of 34,800,000 yen, translates to a projected yield of 6.6%. Important notes from the agent clarify these figures: "The yield is the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the estimated rent and estimated yield are calculated based on market rent, adding rent for vacant units to assume full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of January 22, 2026)."
Another critical note regarding the land size states: "The site area is approximately 96.88 square meters + private road burden area of approximately 15.36 square meters. The above land area is an approximate value derived by subtracting the road portion from the registered area (112.24 square meters) on paper. Please note that differences may arise if a survey is conducted." The property is situated in a First Category Medium-to-High-Rise Residential Exclusive Zone, with a building-to-land ratio of 60% and a floor area ratio of 200% (though limited to 160% due to front road width).
