Itabashi Property Overview

This property is a two-story wooden residence with a cement tile roof, located in the Itabashi ward of Tokyo. The building was constructed in May 1971 and offers a total floor area of 45.40 square meters, distributed across the first floor at 23.87 square meters and the second floor at 21.53 square meters. The interior layout is configured as a 3DK, providing three separate rooms plus a dining-kitchen area. The property is situated on leased land and is currently occupied by a tenant. It is being offered through a court auction process, with a base bid price of 4,900,000 yen and a minimum acceptable bid of 3,920,000 yen. The gross yield is calculated at 26.1 percent, and the cap rate stands at 19.0 percent. The property is registered as a residence and is located at Itabashi-ku, Izumicho 8-banchi, with the building number 8-11-1. The auction case number is 2024(M)298, with a bid period running from June 4, 2026, to June 11, 2026, and a sale decision scheduled for June 25, 2026. The property is accessible via the Toei Mita Line, approximately 200 meters west of Hasunuma Station, which is about a three-minute walk. Additional access points include Itabashi Honcho Station, 0.88 kilometers to the northwest, and Naka-Itabashi Station on the Tobu Tojo Line, 1.45 kilometers to the northeast. This property presents an investment opportunity within the Tokyo metropolitan area, with a strong rental yield and a tenant already in place. The area of Itabashi offers a mix of residential and commercial amenities, with convenient access to public transportation and local services.