Renovated Investment Apartment in Kawagoe, Saitama
This property is a 2DK apartment for sale in the Gloria Mansion Mifuji Shingashi Ichigo-kan building, located in Kawagoe City, Saitama Prefecture. The apartment is situated on the 2nd floor of a 4-storey reinforced concrete (RC) structure built in October 1981. The private floor area is 34.59 sqm (approximately 10.46 tsubo), comprising a 6-tatami Japanese-style room and a 4.5-tatami Japanese-style room. The property is currently vacant and handover timing is negotiable.
Key equipment and features include a bathroom of 1 tsubo or larger, storage space, a closet, a shoe-in closet, air conditioning, a washing machine space, and a water heater. Special notes indicate that after-sales service is fully equipped for two years from handover. As this is a seller's property, no agent commission fees are required, and direct contracts are possible. A full interior renovation is scheduled for completion in March 2026, covering flooring (such as laminate), walls, and ceilings (with wallpaper/paint).
The property presents an investment opportunity with an estimated annual rental income of 576,000 yen and a projected annual yield of 13.39%. Monthly management fees are 8,650 yen and monthly repair reserve funds are 5,880 yen. There is no parking available. The management is fully delegated with a patrol-based system.
The area of Kawagoe, often called "Little Edo," is famous for its well-preserved historical warehouse district, offering a unique glimpse into Japan's past. An interesting fact is that Kawagoe's iconic kurazukuri (clay-walled warehouse) buildings survived the Great Kanto Earthquake and WWII, making it one of the best places near Tokyo to experience a traditional townscape. The closest major landmark is the historic Kawagoe Castle, a site of significant cultural heritage.
