Investment Apartment Building in Saitama's Kita Ward

This property is a two-story wooden apartment building located in Miyahara-cho, Kita Ward, Saitama City. Constructed in October 2017, the building offers a total floor area of 167.76 sqm (approximately 50.74 tsubo) on a land area of 175.24 sqm (approximately 53.01 tsubo). The building is currently fully occupied with eight 1K (one room with kitchen) units, each featuring a loft. The location provides convenient access, being a 13-minute walk from Miyahara Station, which is serviced by both the JR Takasaki Line and the Shonan-Shinjuku Line.

As an investment property, it comes with an assumed annual rental income of 5,544,000 yen when fully occupied, translating to a projected yield of 6.1%. It is critical to note the agent's special remarks regarding these figures. The yield is calculated as the ratio of the annual rental income (including common area fees, etc.) to the sale price, and is presented before the deduction of taxes, public levies, and other necessary maintenance costs for the property. Furthermore, the assumed rent and assumed yield are calculated based on prevailing market rents, adding estimated rent for any vacant units to project a fully occupied scenario. Importantly, rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 5, 2026). An additional note states that the property is currently tenanted, and the lease agreements are to be transferred to the new owner.

The area of Miyahara is a well-developed residential suburb of Saitama City. An interesting local fact is that Saitama City, formed by the merger of several cities including Urawa, Omiya, and Yono, became the capital of Saitama Prefecture in 2001. The property is situated within easy reach of Omiya, a major urban hub. The closest major landmark is the Omiya Bonsai Village, a world-renowned center for the art of bonsai, located just a few kilometers away and attracting enthusiasts from across the globe.