Affordable Investment Condominium in Kitamoto, Saitama
This property is a second-floor unit within a four-story steel-framed condominium building constructed in June 1990. The apartment features a 2K layout with a wall-core exclusive area of 25.98 sqm (approximately 7.85 tsubo) and includes a 2.7 sqm balcony facing southeast. The building itself has a total of 19 units and sits on a land area of 286.5 sqm.
Key equipment and features of the unit include storage space, air conditioning, an indoor washing machine area, lighting fixtures, a monitor-equipped intercom, and city gas. The building offers a paid bicycle parking area (annual fee of 2,400 yen) and motorcycle parking. Please note that the property is currently tenanted, with an estimated annual rental income of 480,000 yen, projecting a gross yield of approximately 13.15%. The management fee is 8,290 yen per month, and the repair reserve fund is 6,000 yen per month. There is no dedicated car parking space. The transaction is handled as a general intermediary, and the floor plan is subject to the actual current condition of the unit.
The location is highly convenient, situated within an 8-minute walk from Kitamoto Station, which is served by both the Takasaki Line and the Shonan-Shinjuku Line, providing excellent access to central Tokyo and other major hubs. The area around Kitamoto offers a comfortable residential atmosphere with easy access to daily necessities. An interesting local fact is that the city is known for its beautiful hydrangea gardens, with the 'Ajisai-en' (Hydrangea Garden) being a popular seasonal attraction. The closest major landmark is the historic Kawagoe City, often called "Little Edo" for its beautifully preserved old merchant houses and warehouse district, located a short train ride away.
