Property Overview
This property is a land and building package located in Kawaguchi, Saitama. The land is classified as residential land with a registered area of 124 square meters and is zoned for Class I residential use. The building is a two-story wooden structure with a slate roof, built in June 2011. The total floor area is 94.74 square meters, consisting of 49.06 square meters on the first floor and 45.68 square meters on the second floor. The layout is listed as 'Others'. The property is being offered via a sealed bid auction with a base bid price of 16,660,000 yen and a minimum bid price of 13,328,000 yen. The gross yield is 12.2% and the cap rate is 8.9%. The property is located in the Shiba area of Kawaguchi, Saitama, approximately 1,800 meters northeast of JR Keihin-Tohoku Line Warabi Station (straight-line distance). The property is being sold by the court as part of a foreclosure auction. The occupant is listed as the debtor/owner.