Investment Apartment Building in Tokorozawa, Saitama
This property presents a compelling investment opportunity in the form of a two-story wooden apartment building located in Tokorozawa City, Saitama Prefecture. The building, constructed in December 1985, offers a total floor area of 158.98 sqm (approximately 48.09 tsubo) and sits on a generous land plot of 308.17 sqm (about 93.22 tsubo). The layout consists of eight 2DK units, each with a spacious private area of 39.66 sqm. A key feature is its current strong occupancy, with 7 out of the 8 units already tenanted, and the existing lease agreements are to be transferred to the new owner.
Critical agent notes provide essential financial and structural details. The property has an assumed annual rental income of 5,184,000 yen when fully occupied, leading to a projected yield of approximately 7%. It is crucial to note that this yield calculation is based on the annual rental income (including common area fees) relative to the sale price, and is presented before the deduction of taxes, public charges, and other necessary maintenance expenses. The assumed rent and yield are calculated based on market rates, adding rent for the vacant unit to simulate full occupancy. Importantly, future rental income is not guaranteed. The investigation date for these figures is March 3, 2026. An additional note specifies that besides the main building, there is another apartment building on the premises. This second building is also a multi-unit residential property, constructed in March 1985 (Showa 60), with a wooden structure, tile roof, two stories, and a total floor area of 158.98 sqm (first floor: 79.49 sqm, second floor: 79.49 sqm).
The property benefits from recent exterior renovations, including roof painting, gutter and corrugated sheet replacement work (around February 2022) and exterior wall painting (around December 2023). Its location is highly convenient, with access to two train lines via three stations: a 9-minute walk to Nishi-Tokorozawa Station (Seibu Ikebukuro/Toshima Line), a 13-minute walk to Kōkūkōen Station (Seibu Shinjuku Line), and a 23-minute walk to Tokorozawa Station. Daily necessities are easily accessible, with a Seiyu supermarket just a 4-minute walk away and a Lawson convenience store a mere 2-minute walk from the property.
The surrounding area of Tokorozawa is rich in green spaces and history. An interesting local fact is that the city is home to the Tokorozawa Aviation Memorial Park, built on the site of Japan's first permanent airfield, which played a pivotal role in the early development of Japanese aviation. The closest major landmark is this very park, a vast and popular recreational area featuring museums, open fields, and a planetarium, located approximately 1.37km (an 18-minute walk) from the property.
