Renovated Investment Condominium in Suginami, Tokyo
This is a sale listing for a renovated 1K apartment located on the 3rd floor of a 10-story steel-framed building in Kamiogi 3-chome, Suginami Ward, Tokyo. The property is priced at 13,000,000 JPY. The unit has a private floor area of 26.8 sqm (approximately 8.1 tsubo) and was originally built in October 1973. The entire building has undergone seismic retrofitting to meet new earthquake resistance standards, and the interior of this specific unit was fully renovated in July 2024.
Key features include a monthly management fee of 9,360 JPY and a monthly repair reserve fund of 5,040 JPY. The layout consists of one kitchen and a 9-tatami mat Western-style room. The property is currently tenanted, offering an estimated annual rental income of 1,020,000 JPY and a projected annual yield of 7.84%. This is an owner-change transaction. The management is handled by a self-managed owners' association with a daytime superintendent.
The area of Kamiogi offers a quiet residential atmosphere while being well-connected. It is within walking distance of several stations, including a 14-minute walk to Ogikubo Station on the JR Chuo-Sobu Line, an 18-minute walk to Nishi-Ogikubo Station on the JR Chuo Line, and a 25-minute walk to Iogi Station on the Seibu Shinjuku Line. An interesting local fact is that the nearby Ogikubo area is famously known as the birthplace of 'Ogikubo Ramen,' a distinct style of Tokyo ramen characterized by its clear, soy sauce-based broth. The closest major landmark is the historic Ghibli Museum in Mitaka, a short train ride away, dedicated to the famed animation studio.
