High-Rise Residence in Central Tokyo
This property is a 3LDK condominium unit situated on the 27th floor of the 31-story West Waseda Park Tower, located in the Shinjuku Ward of Tokyo. The apartment was constructed in October 1993 and offers a spacious interior with a total floor area of 94.67 square meters. The living room, dining room, and kitchen area is complemented by three bedrooms, providing ample space for a family. The unit features a balcony facing south, with an area of 4.68 square meters.
The property is currently occupied by tenants, with an annual rental income of 4,416,000 yen, yielding a gross return of 2.98 percent. The building is constructed using steel-framed reinforced concrete (SRC) and has a total of 192 residential units. The monthly management fee is 26,890 yen, and the monthly repair reserve fund is 16,280 yen. Additional monthly costs include 9,560 yen for hot water heating and other expenses. The land is under freehold ownership, and the property is located in a commercial zoning district.
The apartment is within walking distance of several train stations. Waseda Station on the Tokyo Metro Tozai Line is a nine-minute walk away, while Nishi-Waseda Station on the Tokyo Metro Fukutoshin Line is a 13-minute walk. Takadanobaba Station, also on the Tozai Line, is a 16-minute walk. The building has a full-time building manager on duty during the day, and management is fully consigned to a professional company. Parking is available for an additional fee. The property is listed for sale at 148,000,000 yen.
