Compact Investment Apartment in Ikebukuro's Residential Enclave
This studio apartment, located in the quiet residential streets of Ikebukuro 3-chome, Toshima Ward, Tokyo, presents a turnkey investment opportunity with a current tenant in place. The property is a 16.32 sqm (approx. 4.93 tsubo) unit on the 3rd floor of a 4-storey reinforced concrete (RC) building constructed in August 1987. It offers a gross annual yield of 5.89%, with a scheduled annual rental income of 648,000 yen. The current lease is set from December 2023 for a two-year period.
The apartment has undergone significant renovations to ensure modern comfort and functionality. In January 2024, the kitchen and water systems were fully updated, including the installation of a new IH cooking heater, replacement of kitchen sink drainage pipes, and a new air conditioning unit. Interior renovations completed in December 2023 feature new flooring, wall and ceiling wallpaper throughout, and the installation of a new air conditioner and IH system. The unit is equipped with an IH cooker, closet, shoe-in closet, air conditioning (cooling and heating), and is a corner unit. The building offers free bicycle parking but no car parking.
Special Notes from Agent: The current tenant is a recipient of public welfare assistance. Confirmation of the listed property is not required. The agent requests that online advertising be handled exclusively by their company. Detailed information is available on REINS; all other inquiries and questions should be directed via email. Please note there are purchasing restrictions in place for overseas investors who are not permanent residents of Japan or those without permanent residency status.
