Investment Apartment Building in Kawaguchi City, Saitama Prefecture

This property is a wooden two-story apartment building located in Shiba 4-chome, Kawaguchi City, Saitama Prefecture. It offers a total floor area of 91.08 square meters on a land area of 111.05 square meters, with an additional private road area of approximately 13 square meters (shared ownership of one-third). The building was constructed in January 1993 and consists of four residential units, each with a one-room layout (1K) featuring a Western-style room of approximately 9 tatami mats and a kitchen. The units have dual-aspect lighting.

Access to public transportation is convenient, with a 10-minute walk to Warabi Station on the Keihin-Tohoku/Negishi Line. The property includes two parking spaces (subject to vehicle restrictions) and is equipped with a parcel delivery box. The land is zoned for Category II residential use, with a building coverage ratio of 60% and a floor area ratio of 200% (restricted to 160% based on the width of the front road). The property faces a north-side private road approximately 4 meters wide.

All four units are currently occupied under existing lease agreements, which will be transferred to the new owner. The assumed annual rental income for the property when fully occupied is 2,676,000 yen, yielding an estimated return of 4.5%. Please note that the yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting public taxes and other necessary maintenance costs. The assumed rent and yield are based on market rent levels and assume full occupancy. Rental income is not guaranteed to be received consistently in the future. The survey date is May 22, 2026.