Investment Opportunity: Two-Building Apartment Complex in Chofu, Tokyo
This listing presents a combined sale of two apartment buildings located in Chofu City, Tokyo. The primary building, "Chofu City Kokuryo 5-chome Apartment," is a two-story wooden structure built in January 1990. It offers convenient access, being just a 5-minute walk from Fuda Station on the Keio Line, with Chofu and Kokuryo Stations also within a 12-minute walk. The total land area for the property is 148.61 sqm, with a building area of 86.76 sqm.
Critical agent notes provide essential details for investors. The property is being sold as a package deal for Building 1 and Building 2. The listed price of 99.8 million yen, along with any projected rental income and yield calculations, are the combined totals for both buildings. Building 2 is separately located at 5-7-23 Kokuryocho, Chofu City, and is also an 86.76 sqm, two-story wooden building with six 1R (studio) units. A crucial point is that the current buildings exceed the legal building coverage and floor area ratios. As a result, if the existing structures were demolished, rebuilding to the same scale would not be permitted under current regulations. The site has road frontage on two sides (excluding corner lots): a 5-meter wide public road to the southeast with 8.6 meters of frontage, and a 4-meter wide road to the northwest. It is located in a City Planning Area, within a Category I Low-Rise Exclusive Residential Zone, a Quasi-Fire Prevention District, and a Category I Height District. The projected annual rental income is calculated based on current and proposed rents assuming full occupancy, but this is not a guarantee of future earnings.
The area of Kokuryocho in Chofu is a well-established residential district known for its quiet streets and community atmosphere. An interesting local fact is that Chofu City is home to the Jindai Botanical Park, a sprawling garden featuring over 4,800 species of plants and a traditional Japanese landscape. For a major tourist attraction, the historic Jindai-ji Temple, one of Tokyo's oldest temples founded in 733 AD, is located nearby and is a popular destination for its serene atmosphere and famous soba noodles.
