Apartment Investment Opportunity in Iruma, Saitama
This property is a steel-reinforced concrete apartment building located in Iruma, Saitama. The building was constructed in November 1976 and comprises 50 units across 5 floors. The specific unit available is on the 2nd floor, featuring a 3DK layout with a balcony. The registered floor area for this unit is 51.84 square meters. The property includes a service fee of 12,700 yen. Land rights are ownership type. The occupant is listed as the debtor and owner. This is a court auction property, with a base bid price of 1,260,000 yen. The minimum bid price is set at 1,008,000 yen. The property is located in the Kamikoyata area of Iruma City. Access information, provided in Japanese, indicates the property is approximately 1.9 kilometers southeast of Bushi Station on the Seibu Ikebukuro Line, and approximately 2.29 kilometers southwest of Iruma-shi Station on the same line. The property has a reported gross yield of 48.5% and a cap rate of 35.3%, based on the base bid price. The earnest money deposit required is 252,000 yen. The sale is a sealed bid auction, with the bid period running from June 4, 2026, to June 11, 2026. The sale decision is scheduled for July 2, 2026, with a special sale period from June 22 to June 26, 2026.
