Compact Investment Condominium in Okegawa, Saitama
This is a one-room apartment located on the 3rd floor of a 4-story reinforced concrete building in Okegawa City, Saitama Prefecture. The property is currently undergoing an owner change and is presently rented out, generating a monthly income of 40,000 yen. The annual projected rental income is 480,000 yen, offering a potential gross yield of approximately 15%.
The unit has a wall-core exclusive area of 19.61 square meters (approximately 5.93 tsubo) and features a 2.65 square meter balcony facing southeast, providing good natural light. The building was constructed in September 1991. Monthly fees include 8,500 yen for management and 6,795 yen for repair reserve funds. The property includes free bicycle and motorcycle parking but does not have a car park. The building is under full entrusted management with a巡回 (rotating) superintendent and has a management association, managed by Japan Housing Inc.
Special notes indicate this is an owner-change property. The transaction form is 一般媒介 (general intermediary). The floor plan should be considered as indicative, with the actual current condition taking priority. The property is currently vacant. The handover timing is negotiable (相談).
Okegawa City offers a quieter residential atmosphere while maintaining good access to greater Tokyo via the Takasaki Line and the Shonan-Shinjuku Line, both a 12-minute walk from Okegawa Station. An interesting local fact is that Okegawa was historically a post-station town on the Nakasendo road during the Edo period. The area is also within reasonable distance of the famous Kawagoe City, known as "Little Edo" for its beautifully preserved traditional warehouse buildings and streets, making it a major tourist attraction in Saitama Prefecture.
