Investment Condominium in Shinjuku's Kagurazaka District
This 2018-built investment condominium unit is located in the desirable Shinjuku ward of Tokyo. The property is a 1LDK layout with a total floor area of 43.86 square meters (approximately 13.26 tsubo). The unit is situated on the 4th floor of a 5-story above-ground building (with one basement level). The monthly common fees are 10,100 yen for management and 8,800 yen for repair reserve fund. Additional running costs include a monthly internet fee of 1,320 yen and a neighborhood association fee of 100 yen.
The property is equipped with numerous modern amenities including a heated toilet seat with bidet function and reheating capability, bathroom dryer, dishwasher/dryer, floor heating, internet-ready wiring, an indoor laundry machine space, an auto-lock security system, a monitor-equipped auto-lock intercom, city gas, an elevator, a parcel delivery box, and a paid bicycle parking area (300 yen per month). The building is a reinforced concrete (RC) structure with a total of 30 units. Management is fully delegated to a professional company with periodic on-site staff. The property comes with defect insurance and a performance evaluation warranty.
The location offers excellent access via multiple train lines. It is a 7-minute walk to Ushigome-Kagurazaka Station on the Toei Oedo Line, a 9-minute walk to Ichigaya Station on the Tokyo Metro Namboku Line, and an 11-minute walk to Kagurazaka Station on the Tokyo Metro Tozai Line. This multi-line access contributes to high rental demand in the area. The estimated annual rental income is 2,376,000 yen, with a projected yield of 3.05%. The property is currently tenanted and available for immediate transfer. Conditions such as an owner change or pet ownership are open for discussion.
The Kagurazaka area retains a charming, traditional atmosphere with its stone-paved slopes, historic ryotei restaurants, and French cultural influence, while being a short distance from the modern skyscrapers of Shinjuku. An interesting local fact is that Kagurazaka was once a major geisha district and is still home to several active geisha houses (ochaya). The closest major landmark is the impressive Tokyo Metropolitan Government Building in Shinjuku, offering free observation decks with panoramic views of the city and, on clear days, Mount Fuji.
