Investment Opportunity: Harmony Residence Shinagawa WEST #002

This property is a used condominium unit located on the 7th floor of an 8-story, steel-framed reinforced concrete (SRC) building known as Harmony Residence Shinagawa WEST #002. The unit offers a floor plan of 1K, with a dedicated area of 20.70 square meters (approximately 6.26 tsubo) measured by wall center. The building was constructed in May 2017, making it a relatively modern structure.

The property is situated in the popular Nakanobu area of Shinagawa Ward, Tokyo. It is a 5-minute walk from the Ebara-machi Station on the Tokyu Oimachi Line and an 8-minute walk from the Nakanobu Station on the Toei Asakusa Line, providing convenient access to central Tokyo. The unit is currently occupied under a sublease agreement, ensuring a stable monthly rental income of 90,885 yen. The gross yield is approximately 3.41%, and the net yield, after deducting management and repair reserve funds, is approximately 3.02%. The sublease contract mitigates the risk of rental income decline, making it a stable investment asset. The property is noted for its high liquidity among single-occupant 1K apartments and is positioned as a suitable investment for long-term holding.

The building features several amenities including an elevator, an auto-lock security system, a parcel delivery box, and a space for a washing machine. The management style is a full consignment with a patrol system, managed by Shinogen Amenity Co., Ltd. The monthly management fee is 6,800 yen, and the repair reserve fund is 3,600 yen. The total number of units in the building is 40. The land rights are freehold, and the property is located in a quasi-industrial zone. The transfer date is negotiable.