Compact Investment Apartment in Tokyo's Historic Asakusa Area
This studio apartment, located in the vibrant Taito Ward of Tokyo, presents a compelling investment opportunity. The property is a 17.45 square meter (approximately 5.27 tsubo) one-room unit on the 5th floor of a 10-story building with one basement level. Built in November 1984 with a steel-reinforced concrete (SRC) structure, the building comprises 56 units and is managed by a condominium association with partial outsourcing and no on-site manager. The apartment is currently tenanted, ensuring immediate rental income, with an estimated annual rental revenue of 840,000 yen and a projected yield of 6.26%.
Key features and equipment translated from the agent notes include a washbasin, IH cooking heater, air conditioning, internet readiness, auto-lock entry, city gas, water supply and sewage systems, and an elevator. The building has undergone a structural condition survey (inspection) on February 6, 2024, with a report available at no cost to the buyer. Special notes highlight that the unit enjoys good sunlight and ventilation. Important remarks specify that the property is undergoing an owner change, does not permit pets or office use, and has no parking or bicycle parking facilities. There are no key money or deposit requirements for the tenant.
The apartment is situated in the Asakusa district, an area famed for preserving the atmosphere of old Tokyo. It is within walking distance of several stations, including Iriya Station (7 minutes), Asakusa Station (10 minutes), and Minowa Station (14 minutes). The area is a major tourist hub, home to the iconic Senso-ji Temple, Tokyo's oldest temple, which draws millions of visitors annually. This location offers the unique contrast of a quiet residential pocket within one of the city's most historically rich and continuously lively neighborhoods, making it an attractive proposition for investors seeking a property in a high-demand rental area with enduring cultural appeal.
