Investment-Grade Condominium in Tokyo's Bustling Toshima Ward
This 2DK condominium, located on the 4th floor of a 7-story reinforced concrete building constructed in June 1983, presents a solid investment opportunity in a highly desirable Tokyo neighborhood. The property boasts a wall-core exclusive area of 45.54 sqm (approximately 13.77 tsubo), featuring a functional layout with a 5.3-tatami Western-style room, a 6-tatami Western-style room, and a 7-tatami Dining Kitchen. A 5.76 sqm balcony with a southeast-facing exposure provides pleasant natural light. The building, managed by Sunny Life Co., Ltd., operates under a fully-consigned, daytime management system and comprises a total of 22 units. The property is currently tenanted, with an estimated annual rental income of 1.56 million yen, yielding a projected annual return of 3.82%.
Agent notes and equipment details highlight key features: The property is undergoing an owner change. The transaction method is general intermediary. The floor plan prioritizes the current condition of the property. The building was constructed by Fujimura Construction Co., Ltd. The land is designated for commercial use and is covered by the National Land Use Law. The property includes a parking space (listed as 'other'). Running costs and initial lump-sum payments are also categorized under 'other'. The property comes with defect insurance and a performance evaluation guarantee.
The South Otsuka area in Toshima Ward is a vibrant and multicultural district, known for its high support among residents with roots in Asia and other overseas regions, leading to stable demand for both rental and purchase properties. An interesting local fact is that the area is served by the Tokyo Sakura Tram (Toden Arakawa Line), one of Tokyo's last two surviving tram systems, offering a charmingly retro mode of transport. The closest major tourist attraction is the historic and picturesque Rikugien Garden, a traditional Japanese landscape garden from the Edo period located a short distance away, offering a serene escape from the urban energy.
