Spacious 2LDK Apartment in Katsushika with Investment Potential

This property is a 2LDK apartment located in the New Koiwa 1-chome area of Katsushika Ward, Tokyo. The apartment is situated on the 2nd floor of a 7-story reinforced concrete (SRC) building constructed in March 1983, which meets the new earthquake resistance standards. The unit offers a generous wall-core exclusive area of 56.16 sqm (approximately 16.98 tsubo) and includes a 2.43 sqm balcony facing southwest for ample natural light.

According to the agent's notes, the property is currently tenanted, and viewings are not possible as it is being sold in its present condition. Key equipment includes a warm-water washing toilet seat and city gas. Important special notes state that the seller's liability for non-conforming contracts is disclaimed, pets are not allowed, and the property is under an owner-change annual plan. The current tenancy generates an annual rental income of 1,800,000 yen, with an additional 60,000 yen in annual management fee income. The lease agreement is a standard contract running from March 2025 to March 2027.

The New Koiwa area offers convenient urban living with excellent transport links, being just a 2-minute walk from Shin-Koiwa Station on the JR Sobu Line. This provides direct access to central Tokyo. An interesting local fact is that Katsushika Ward is home to the historic Shibamata Taishakuten Temple, a beautifully decorated Buddhist temple famous for its detailed wood carvings and as a filming location for the classic Japanese film series "Otoko wa Tsurai yo" (It's Tough Being a Man). The area provides a blend of residential calm and easy city access.