Investment Apartment Building in Warabi City
This property is a two-story, light-gauge steel-framed apartment building located in Minamicho, Warabi City, Saitama Prefecture. The building comprises a total of eight residential units, each with a 1K layout. The individual unit floor areas range from approximately 24.42 square meters to 25.58 square meters. The total building floor area is 198.04 square meters, situated on a land plot of 207.56 square meters. Constructed in January 2004, the building underwent major exterior renovation, including silicone wall coating, in June 2019. The structure was built by Sekisui House.
The property is positioned on a corner lot, with road frontage of approximately 6 meters on both the northeast and northwest sides. The building coverage ratio is 60%, and the floor area ratio is 200%. The land is zoned for a first-class medium-to-high-rise residential district. The property is currently under lease, and the existing rental agreements will be transferred to the new owner.
The annual projected rental income, calculated under the assumption of full occupancy, is 6,453,600 Japanese yen. The projected yield based on this income is 5.4%. It is important to note that these figures represent the ratio of annual rental income to the sale price before deducting fixed property taxes, public dues, and other costs necessary for maintaining the property. The projected rental income and yield are estimates based on market rent data for vacant units and do not guarantee future income.
The property is located a 13-minute walk from JR Keihin-Tohoku/Negishi Line's Warabi Station. Daily convenience is supported by nearby amenities, including a supermarket approximately 100 meters away (a 2-minute walk) and another supermarket about 380 meters away (a 5-minute walk). A convenience store and a pharmacy are also within a 4-minute walk.
