Compact Investment Apartment in Toda City, Saitama
This property is a compact 1K apartment located on the 3rd floor of a 4-story reinforced concrete (RC) building in Toda City, Saitama Prefecture. The unit offers a wall-core exclusive area of 16.57 sqm (approximately 5.01 tsubo), featuring a 6-tatami mat Western-style room and a 1-tatami mat kitchen (K) area. The main light source faces southwest. The building, constructed in March 1991, comprises 46 units in total and is managed by a homeowners' association with a fully outsourced, patrol-based management system. The property is currently tenanted, ensuring immediate rental income.
Key equipment and features include an IH cooking heater, closet, air conditioning, BS satellite TV terminal, internet-ready wiring, an indoor washing machine space, cushion flooring, and an auto-lock building entrance. The property uses propane gas and has a public sewer system and hot water supply. A free bicycle parking area is available, but there is no motorcycle parking. Pets are not permitted. The annual planned rental income is 450,000 yen, with a projected gross yield of 10.71%. The transaction is handled by an agent.
The apartment is situated in a convenient neighborhood with several convenience stores, supermarkets, and shopping facilities within a short walking distance. The area offers excellent access to daily necessities. An interesting fact about Toda City is that it is home to the Toda Rowing Course, a world-class regatta venue used for international competitions and the 1964 Tokyo Olympics. The closest major landmark is the iconic Tokyo Skytree, easily accessible via the nearby Saikyo Line, offering breathtaking panoramic views of the Kanto region.
