Compact Investment Apartment in Katsushika, Tokyo
This 1K apartment, located on the 3rd floor of a 5-story reinforced concrete building, offers a practical investment opportunity in Tokyo's Katsushika Ward. With a total floor area of 16.6 sqm (approximately 5.02 tsubo), the unit features a 6-tatami mat Western-style room and a 2.97 sqm balcony facing southwest for natural light. The property is currently tenanted, providing immediate rental income.
Key equipment and features include an IH cooking heater, built-in closet, air conditioning, a dedicated indoor space for a washing machine, flooring throughout all rooms, an auto-lock building entrance, hot water supply, an elevator, and a free bicycle parking area. The building exterior is finished with tiles. Special notes indicate that the seller's liability for non-conforming contracts is exempted. The apartment underwent interior renovations in March 2019, including full wall re-papering. In March 2019, interior doors and closet folding doors were replaced, and in May 2021, the shower and faucet in the bathroom were updated.
The building, constructed in March 1988 by Tada Construction Co., Ltd., comprises 47 units and sits on a land area of 449.58 sqm. It is under full委托 management with a daytime superintendent and a management association. The property is located in a Category I Exclusive Residential Zone. The annual projected rental income is 552,000 yen, yielding a surface return of 8.76%.
The area of Shin-Koiwa is a residential district known for its balance of city access and local community atmosphere. An interesting local fact is that the nearby Koiwa Station area is famously referenced in Japanese pop culture, including songs and literature, for its nostalgic Showa-era streetscape. The closest major landmark is the historic Kameido Tenjin Shrine, located a few stations away, renowned for its beautiful wisteria trellises and plum garden.
