Compact Investment Apartment in Koenji, Tokyo

This studio apartment, located in the vibrant Koenji neighborhood of Tokyo's Suginami Ward, presents a turnkey investment opportunity. Priced at 7.7 million yen, the property is currently tenanted, offering an immediate annual rental income projection of 720,000 yen and a calculated yield of approximately 9.11%. The unit is situated on the 3rd floor of a 4-story reinforced concrete (RC) apartment building constructed in August 1988. The building is managed under a fully outsourced system with no on-site superintendent.

The apartment itself features a compact yet functional layout with a private balcony of 2.4 square meters facing southwest, providing natural light. The interior wall-core area is 16.08 square meters (approximately 4.86 tsubo). Monthly fees include 14,000 yen for management and 15,000 yen for repair reserves. The property comes with owner-change insurance and defect insurance for added peace of mind. The land is designated under the Second Category Medium-to-High-Rise Exclusive Residential Zone.

Koenji is renowned as a hub for Tokyo's alternative and vintage culture, famous for its numerous second-hand clothing stores, live music venues, and the annual Awa Odori dance festival. The area offers a unique blend of traditional shitamachi atmosphere and youthful energy. The property is conveniently located within an 8-minute walk from Tokyo Metro Marunouchi Line's Higashi-Koenji Station and a 9-minute walk from JR Chuo-Sobu Line's Koenji Station, providing excellent access to central Tokyo. A notable nearby landmark is the historic Koenji Temple, a serene contrast to the area's bustling streets.