Investment Apartment Building in Ageo City, Saitama
This is a two-story wooden apartment building located in Ageo City, Saitama Prefecture, offering an investment opportunity with a strong projected yield. The property consists of eight units, each featuring a 2DK layout with a uniform private area of approximately 44.47 square meters. The total building area is 317.98 square meters (about 96.18 tsubo) situated on a generous 610.58 square meter (about 184.7 tsubo) corner plot. Built in August 1992, the building is currently tenanted, and the lease agreements are to be transferred to the new owner.
Critical agent notes have been provided. The remarks clarify financial projections: "The yield is the ratio of the annual rental income (including common area fees, etc.) to the sales price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the projected rent and projected yield are calculated based on market rent, adding rent for vacant units and assuming full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of February 19, 2026)." An additional note states the property is "Currently leased (lease agreement transfer required)."
The building boasts excellent access, being just a one-minute walk from Haramachi Station on the Saitama New Urban Transit line. It features on-site parking and benefits from frontage on roads over 6 meters wide, with multiple public road frontages. The property is situated in a Category II Residential District within the urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 200%. Supermarkets and convenience stores are within a short walking distance.
The surrounding Ageo area offers a blend of suburban living and accessibility to Greater Tokyo. An interesting local fact is that Ageo is known for its production of konnyaku (konjac), a traditional Japanese food ingredient. For recreation and tourism, the area provides relatively easy access to the historic city of Kawagoe, often called "Little Edo" for its beautifully preserved old merchant houses and iconic bell tower, located approximately a 30-minute drive away.
