Investment Opportunity: Modern Wooden Apartment Building in Sumida, Tokyo
This property is a nine-year-old, three-story wooden apartment building named "Rapso Ryogoku," located in the Ishihara 2-chome area of Sumida Ward, Tokyo. Constructed in March 2017, it offers a total floor area of 292.84 sqm (approximately 88.58 tsubo) across nine units, all of which are currently fully occupied. The land area is 166.94 sqm (approx. 50.49 tsubo).
The building is equipped with a comprehensive range of facilities for tenant comfort and security, including propane gas, air conditioning, hot water supply, a parcel delivery box, separate bath and toilet, shower, indoor washing machine space, storage space, an auto-lock security system, and a bicycle parking area.
Critical investment details are provided in the agent's notes. The property is currently operating at full occupancy, generating an annual gross rental income of 9,708,000 yen (809,000 yen per month), which translates to a current yield of 4.4%. This immediate full occupancy allows for revenue generation to start immediately upon purchase. The management condition is reported as good, making it suitable for long-term investment strategies. The agent offers exclusive representation, providing integrated guidance on property information, rental status, and condition negotiations, with detailed explanations available for income/expense projections and on-site tours. It is emphasized that future rental income is not guaranteed.
The location boasts excellent accessibility, with Ryogoku Station (Toei Oedo Line) a 9-minute walk away, Honjo-Azumabashi Station (Toei Asakusa Line) within a 15-minute walk, and Asakusa Station (Toei Asakusa Line) accessible in about 16 minutes. The surrounding area benefits from stable rental demand, creating a favorable environment for investment consideration. The land fronts a 4-meter-wide public road to the north, with a road frontage of 9.2 meters.
The Sumida area is deeply connected to Japanese history and culture, being the home of the famous Ryogoku Kokugikan, the primary venue for sumo wrestling tournaments. A major landmark nearby is the iconic Tokyo Skytree, one of the world's tallest towers, offering panoramic views of the metropolis and serving as a major tourist and broadcasting hub.
