Investment Apartment Building in Higashimurayama, Tokyo
This is an owner-change investment property located in Higashimurayama City, Tokyo. The site area is approximately 43 tsubo (144.64 sqm). The building is a wooden apartment complex constructed in October 1988, featuring four 2K layout units. It is situated in a quiet residential area within a Category I Low-Rise Exclusive Residential Zone.
Critical agent notes provide essential details for investors. The property offers a surface yield of approximately 8.4%. This yield is calculated as the ratio of the annual rental income (including common service fees) to the sale price, before deducting taxes, public charges, and other necessary maintenance costs. The assumed rent and yield are calculated based on market rent, adding rent for any vacant units to simulate full occupancy. Please note that rental income is not guaranteed to be reliably obtained in the future. The front road has a city gas pipeline installed. Importantly, this property exceeds the designated building coverage and floor area ratios. Furthermore, the property does not front a road as defined by the Building Standards Act; therefore, in principle, construction of buildings (including extensions and renovations) is not permitted. Any such work would require the agreement of a building review committee.
The property is conveniently located within a 12-minute walk from the Musashino Line's Shin-Akitsu Station and a 17-minute walk from the Seibu Ikebukuro/Toshima Line's Akitsu Station. The area offers a peaceful residential atmosphere while maintaining good access to central Tokyo. An interesting local landmark is the historic Jindai-ji Temple, one of Tokyo's oldest temples, located a short train ride away and known for its beautiful grounds and traditional atmosphere.
