Investment Apartment Building in Warabi City
This property is a three-story steel-frame apartment building located in Minami-cho, Warabi City, Saitama Prefecture. The building comprises a total of five units, including a first-floor shop and four 1K residential units on the second and third floors. The total floor area is 147.15 square meters on a land plot of 96.06 square meters. The annual estimated rental income when fully occupied is 3,996,000 yen, representing a gross yield of 5.4% based on the asking price. Please note that this yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting property taxes and other maintenance costs. The estimated rent and yield are calculated based on market rents, including an assumed rent for any vacant units. Rental income is not guaranteed for the future. This information is current as of May 19, 2026.
The building was constructed in May 1976. Each unit features a separate bathroom and toilet, and ample storage space. The property is currently tenanted, and the existing lease agreements will be transferred to the new owner. The land is freehold and zoned as Category 1 Residential. The building coverage ratio is 60% and the floor area ratio is 200%. The property fronts a public road measuring approximately 11.9 meters to the north. The location is a 6-minute walk from JR Keihin-Tohoku/Negishi Line's Nishi-Kawaguchi Station, offering convenient access to central Tokyo. The property is a solid investment opportunity in a well-established residential area.
