Investment Opportunity: Renovated Studio Apartment in Mitaka, Tokyo
This property is a studio apartment ("One Room" layout) located in the Lions Mansion Mitakadai 2 building in Mitaka City, Tokyo. The apartment is on the 2nd floor of a 5-story reinforced concrete (RC) building constructed in February 1989. The unit features a net floor area of 19.83 sqm (approximately 5.99 tsubo) and includes a 2.8 sqm balcony facing southwest for natural light.
The apartment has undergone a full interior renovation in April 2024, which included new flooring (hardwood, etc.), complete wallpaper replacement throughout all rooms, and the installation of a new air conditioning unit and water heater. The kitchen is equipped with an IH cooking heater. Other notable features include a storage space, an indoor space for a washing machine, an auto-lock building entrance, an elevator, and a free-of-charge bicycle parking area. The building's exterior is tiled. This is an owner-change property, meaning the current owner is selling their unit. Important notes: the seller specifies the judicial scrivener for the transaction, and the sale is conditional upon management approval (consultation required). The floor plan provided prioritizes the actual current condition of the unit.
The location offers excellent convenience. It is an 11-minute walk from Mitakadai Station on the Keio Inokashira Line, providing direct access to Shibuya and Shinjuku. The vibrant and popular district of Kichijoji is also within a 23-minute walk. The immediate neighborhood provides daily necessities with a Summit Store supermarket just 164 meters away, a Seven-Eleven convenience store within 496 meters, and a Sukiya restaurant 571 meters from the property. A notable nearby landmark is the beautiful Inokashira Park, a spacious public park known for its lake, swan boats, and the Ghibli Museum, located about a 15-minute walk from the apartment. The area is designated as a neighborhood commercial zone.
From an investment perspective, the property is currently tenanted, generating an estimated annual rental income of 696,000 yen, which translates to a projected gross yield of 6.75%. The monthly common charges are 12,100 yen, and the repair reserve fund is 7,930 yen. There is no dedicated parking space with this unit.
