Investment Opportunity: Apartment Building in Itabashi Ward, Tokyo
This property is a four-story steel-frame apartment building located in Yamato-cho, Itabashi Ward, Tokyo. Built in April 2024, the building offers a total floor area of 244.38 square meters on a land area of 116.11 square meters. The layout consists of 11 units, each with a 1K floor plan, with individual unit sizes ranging from 18.11 to 18.28 square meters.
The property is currently tenanted, with all 11 units occupied. The transaction requires the new owner to take over the existing lease agreements. The assumed annual rental income when fully occupied is 10,978,560 yen, yielding an assumed gross return of 4.1%. Please note that this yield is calculated based on the annual rental income (including common service fees) relative to the sale price, and does not deduct property taxes, public dues, or other necessary maintenance costs. The assumed rent and yield are estimates based on market rents and assume full occupancy; future rental income is not guaranteed.
The building is equipped with an auto-lock system, a delivery box, a color monitor intercom, double-lock doors on the entrance, a two-burner system kitchen, a separate vanity sink, a bathroom dryer, a warm-water bidet toilet seat, and a bicycle parking area. The property is located within a 8-minute walk from Itabashi-honcho Station on the Toei Mita Line and an 11-minute walk from Naka-Itabashi Station on the Tobu Tojo Line. The site has a north-side frontage of approximately 6 meters on a public road and a west-side frontage of approximately 4 meters on a private road. The land is zoned as a Category 1 Medium-to-High-Rise Residential District with a building coverage ratio of 60% and a floor area ratio of 300%.
