Investment Apartment Building in Kawasaki's Miyamae Ward
This property is an eight-unit apartment building named "Séjour Ace," located in the Umakinu 3-chome area of Miyamae Ward, Kawasaki City, Kanagawa Prefecture. The building offers a total floor area of 396.2 sqm (approximately 119.85 tsubo) on a land plot of 331.61 sqm (approximately 100.31 tsubo). Built in March 1990, it features a lightweight steel structure with two above-ground floors and one basement level. The layout is a 2DK configuration, with each unit having a private area of 37.02 sqm. The property fronts a public road to the southeast with a width of approximately 8.5 meters.
Critical agent notes have been provided. The remarks clarify financial projections: "The yield is the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the assumed rent and assumed yield are calculated based on market rent, adding rent for vacant units to assume full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of March 12, 2026)." An additional note on the building's status states: "Currently tenanted (tenant lease contract takeover required). The stated building area includes a 74.72 sqm underground garage area."
The building is equipped with a TV monitor intercom system and features separate bathroom and toilet facilities. The assumed annual rental income at full occupancy is 7,884,000 yen, suggesting a projected yield of 5.8%. This projected income includes parking fees. The property is situated within a 15-minute walk from Miyazakidai Station on the Tokyu Den-en-toshi Line, providing direct access to Shibuya and central Tokyo.
The surrounding Miyamae Ward is a predominantly residential area known for its parks and family-friendly atmosphere. An interesting local fact is that the ward is home to the Ikuta Ryokuchi, a large park built on the former site of a golf course, featuring expansive green spaces, walking trails, and sports facilities. For tourists, a major landmark within reasonable reach is the iconic Kawasaki Daishi (Heiken-ji Temple), one of the most visited Buddhist temples in the Kanto region, renowned for its grand architecture and significance in Hatsumode (New Year's visits).
