Grace Heim: A Well-Established Investment Apartment Building in Nerima, Tokyo
Grace Heim is a two-story wooden apartment building located in the Toyotamanaka 2-chome area of Nerima Ward, Tokyo. This investment property, built in March 1995, offers a total of six 1K (one-room) units across a building area of 133.31 sqm (approximately 40.32 tsubo) on a land area of 110.37 sqm (approximately 33.38 tsubo). The property is currently fully tenanted, with all six units occupied, and the new owner will inherit the existing lease agreements.
According to the agent's special notes, the projected annual rental income at full occupancy is 3,612,000 yen, yielding a projected return of 4.5%. The current annual rental income is 3,012,000 yen, resulting in a current yield of 3.7%. It is critically important to note the following translated agent remarks: "The yield is the ratio of annual rental income (including common area fees, etc.) to the sales price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the projected rent and projected yield are calculated based on market rent, adding rent for vacant units to assume full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 2, 2026)." An additional remark states: "Currently leased (lease agreement transfer required)."
The property benefits from convenient access to three train lines, with Nerima Station (Seibu Ikebukuro/Toshima Line and Toei Oedo Line) approximately a 15-minute walk away, and Numabukuro Station (Seibu Shinjuku Line) about a 16-minute walk. The land is a regular-shaped plot in a neighborhood commercial zone. The area of Toyotamanaka is a quiet residential district within the bustling metropolis. An interesting local fact is that Nerima Ward is famously known as the birthplace of Japanese anime, home to numerous animation studios. The closest major landmark is the expansive Toshimaen amusement park, which is easily accessible and offers a classic day out for families.
