Investment Apartment in Setagaya's Serene Ue-Kitazawa

This one-room apartment, located in the quiet residential neighborhood of Ue-Kitazawa in Setagaya Ward, Tokyo, presents a compelling investment opportunity. Priced at 11 million yen, the property offers a calculated annual yield of 6.87% with projected annual rental income of 756,000 yen. The apartment itself has a wall-core exclusive area of 20.19 sqm (approximately 6.1 tsubo) and is situated on the 3rd floor of a 4-story reinforced concrete (RC) building constructed in April 1989.

Key features and equipment of the property include an IH cooking heater, ample storage space, air conditioning, an indoor laundry machine placement area, flooring throughout all rooms, a corner unit location, city gas, and available bicycle and motorbike parking. The building underwent a major renovation in 2014 (Heisei 26) and the unit itself has been refurbished. The management is fully entrusted to a management association with a patrol-based superintendent, and the management company is Maple Living Service. Important special notes include: delivery is possible until March 21st; the judicial scrivener is seller-designated; there is a disclaimer for liability regarding non-conforming contracts; and there is a condition for succession of rental management.

The area of Ue-Kitazawa is known for its peaceful, almost suburban atmosphere within the bustling metropolis, offering a blend of convenience and tranquility. It is well-served by public transport, with Keio Line's Ue-Kitazawa Station a 7-minute walk away and Yahatayama Station an 8-minute walk. An interesting local fact is that the nearby Tenso Shrine is believed to be one of the oldest shrines in Setagaya, with a history stretching back over a thousand years. For a major tourist attraction, residents have relatively easy access to the vast and beautiful Shinjuku Gyoen National Garden, a stunning park featuring traditional Japanese, English landscape, and French formal gardens.