Investment Apartment Building in Toshima Ward's Ikebukuro Honcho
This property is a reinforced concrete apartment building named "aLATO Ikebukuro mute" located in the Ikebukuro Honcho 2-chome area of Tokyo's Toshima Ward. Constructed in July 2019, this four-story building offers a total floor area of 350.04 sqm (approximately 105.88 tsubo) on a land plot of 156.25 sqm (approx. 47.26 tsubo). The building contains 11 residential units, with individual unit sizes ranging from 22.23 to 33.56 sqm. The property is currently tenanted, and the purchase includes the assumption of the existing lease agreements.
According to the agent's special notes, the property has an estimated annual rental income of 16,452,000 yen when fully occupied, which translates to a projected yield of 3.9%. It is critical to note the agent's remarks: "The yield is the ratio of the annual rental income (including common area fees, etc.) to the sales price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the estimated rent and estimated yield are calculated based on the market rent, adding rent for vacant units and assuming full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 17, 2026)." An additional note states the property is "Currently leased (lease agreement takeover required)."
The building benefits from excellent access to multiple train lines, being an 8-minute walk from Kita-Ikebukuro Station on the Tobu Tojo Line, an 11-minute walk from Shimo-Itabashi Station on the same line, and a 14-minute walk from the major hub of Ikebukuro Station on the Tokyo Metro Marunouchi Line. The residential units feature soundproofing specifications.
The Ikebukuro area is one of Tokyo's major commercial and entertainment hubs, rivaling Shinjuku and Shibuya. An interesting local fact is that the Sunshine City complex, a short distance from the property, was built on the former site of the Sugamo Prison and now houses one of the world's tallest aquarium buildings, the Sunshine Aquarium, on its rooftop. The closest major landmark is the historic Ikebukuro Station, a vast transportation and shopping nexus.
