Investment-Grade Renovated Apartment in Arakawa, Tokyo

This is a fully renovated 2DK apartment located in Arakawa Ward, Tokyo, presenting a compelling investment opportunity. The property is situated within a 5-story reinforced concrete (RC) building constructed in February 1987. It is conveniently located just a 9-minute walk from Nippori Station on the JR Yamanote Line, providing excellent access to central Tokyo. The apartment is currently tenanted, ensuring immediate rental income.

The property underwent a complete skeleton renovation in June 2022, transforming it into a modern living space. Key equipment includes a 2-burner stove, ample storage space, two or more air conditioning units, internet connectivity, an indoor laundry machine space, lighting fixtures, and a monitor-equipped auto-lock system for security. The building itself features an elevator for easy access.

Financial details are clearly outlined. The asking price is 22,000,000 JPY. The property generates an annual projected rental income of 1,188,000 JPY, resulting in a projected annual yield of 5.4%. Monthly running costs include a management fee of 18,570 JPY and a repair reserve fund contribution of 8,640 JPY. The unit has a wall-core exclusive area of 42.99 sqm (approximately 13 tsubo) and is located on the 1st floor of the 5-story building. The main living areas face south, ensuring good natural light. The building is professionally managed by Tokyu Community.

The surrounding Arakawa and Taito wards offer a blend of traditional and modern Tokyo. The area is known for its historical shitamachi (downtown) atmosphere and is a short train ride from major hubs like Ueno and Akihabara. An interesting local fact is that the nearby Nippori Station area is famous for its vast fabric district, "Nippori Textile Town," a paradise for sewers and craft enthusiasts. The closest major landmark is the historic and beautiful Nezu Shrine, renowned for its stunning tunnel of vermilion torii gates and azalea garden.