Spacious Investment Apartment Building in Tokyo's Kita Ward
This property is a three-story apartment building located in the Akabanenishi 4-chome area of Kita Ward, Tokyo. Constructed in September 1973, the building features a steel frame structure and comprises a total of five units. The total building area is a substantial 179.27 square meters (approximately 54.22 tsubo), situated on a land area of 104.02 square meters (approximately 31.46 tsubo). The land is designated as Category I Medium/High-Rise Exclusive Residential Zone within the urbanization promotion area. The property is currently fully tenanted, presenting an immediate income stream for an investor.
Key details from the agent notes include the land rights being an old-law surface leasehold (賃借権). The leasehold involves a deposit and a premium, with a monthly ground rent of 41,600 yen. The site is on a slope and has detailed road frontage information available. The transaction method is exclusive agency (専任媒介). The building is eligible for reconstruction, and the handover timing is negotiable.
