Renovated Investment Apartment in Tokyo's Waseda District
This property is a 2K apartment for sale in the sought-after Waseda area of Shinjuku, Tokyo. The apartment is part of the Takadanobaba Royal Co-op building, a 6-story reinforced concrete (RC) structure built in August 1970. The specific unit is located on the 2nd floor and offers a wall-core exclusive area of 33.4 sqm (approximately 10.1 tsubo). The layout includes two rooms plus a kitchen-dining space (2K). A key feature is the two-sided balcony of 2 sqm, providing eastern exposure for excellent natural light.
The property has undergone a comprehensive renovation in June 2024. This included a full refurbishment of the water areas—kitchen, bathroom, toilet, and washbasin—as well as interior upgrades such as new flooring (including laminate) and wall re-papering throughout all rooms. Equipment includes a kitchen with a 2-burner stove, ample storage space, air conditioning, internet connectivity, and city gas for heating and hot water. The building is managed by Japan Housing Inc. under a fully entrusted, patrol-based management system with an active management association. The property comes with defect insurance and a performance evaluation. The land is designated as a Category I Medium-to-High-Rise Exclusive Residential Zone.
Currently tenanted, the property offers an estimated annual rental income of 1.62 million yen, translating to a projected yield of approximately 5.43%. The monthly running costs consist of 7,000 yen in management fees and 4,000 yen in repair reserve fund contributions. There is no dedicated parking space. The delivery date is negotiable.
The location is highly convenient, situated within a 3-minute walk from the Tokyo Metro Fukutoshin Line's Nishi-Waseda Station and a 10-minute walk from the JR Yamanote Line's Takadanobaba Station. The area is vibrant, surrounded by universities like Waseda University and Gakushuin Women's University, and offers easy access to daily conveniences such as supermarkets and convenience stores. An interesting local fact is that the nearby Waseda University was founded in 1882 by samurai scholar Ōkuma Shigenobu, who later served as Prime Minister of Japan. The closest major landmark is the historic Meiji Jingu Shrine, a vast Shinto shrine dedicated to Emperor Meiji, located a short train ride away in Shibuya.
