Spacious 2DK Apartment with Dual Balconies and Investment Potential in Setagaya
This property is a 6th-floor 2DK apartment located in a quiet residential area of Setagaya Ward, Tokyo. The apartment features two separate balconies, providing excellent sunlight and panoramic views. The layout consists of two Western-style rooms: one 6-tatami mat room and one 4.5-tatami mat room. The total exclusive area (wall-core measurement) is 31.23 sqm (approximately 9.44 tsubo). The building is a 6-story reinforced concrete (RC) structure built in March 1978, with a total of 23 units in the building.
Key equipment and features include a bicycle parking area (free of charge) and a motorcycle parking space (available for an annual fee of 6,000 yen). The property is currently tenanted, offering an estimated annual rental income of 1.2 million yen and a projected yield of approximately 5.71%. The management is fully delegated to a management company, Tokyu Community Co., Ltd., with a巡回管理 (rotational/patrol-based management) system. The monthly fees are 12,500 yen for management and 20,700 yen for repair reserve fund. There is an owner change scheduled. The transaction is a 一般媒介 (general intermediary) arrangement.
The apartment is conveniently located within a 12-minute walk from both the Tokyu Den-en-toshi Line's Sakurashinmachi Station and the Tokyu Setagaya Line's Setagaya Station, offering access to two train lines. The area is designated as a Category II Medium-to-High-Rise Exclusive Residential Zone. The property comes with a defect insurance guarantee and a performance evaluation.
The surrounding Setagaya area is known for its relaxed, residential atmosphere with plenty of green spaces. An interesting local fact is that the nearby Setagaya Line is one of Tokyo's last two tram lines, offering a charming, retro mode of transport through the neighborhood. The closest major landmark is the historic Gotoh Museum, renowned for its collection of Japanese and East Asian art, including national treasures, located a short distance away in the neighboring Kaminoge area.
