Investment Opportunity in Taito Ward: Renovated Corner Unit Apartment Near Oedo Line
This property is a well-positioned investment apartment currently tenanted, offering a stable income stream. Located in Taito Ward, Tokyo, this 2LDK unit is on the 6th floor of a 9-story building constructed in January 1975. The apartment boasts a corner unit layout with windows on two sides, ensuring excellent sunlight and ventilation. The interior features a dedicated toilet, a separate bath and toilet, a system kitchen with a 3-burner stove, closets, CATV wiring, a designated washing machine space, and flooring throughout all rooms, including the balcony.
Key investment details include a current annual scheduled rental income of 1,656,000 yen, yielding a surface return of 6.67%. The property is an owner-change opportunity. The existing lease runs from December 2024 for a two-year period with one renewal. Pets are permitted, and the unit has a history of renovation, presenting in clean condition. Notable building amenities include an elevator and city gas. The monthly running costs consist of a 15,200 yen management fee, a 1,000 yen repair reserve fund, and a 300 yen neighborhood association fee.
The location is exceptionally convenient, just a 2-minute walk from the Toei Oedo Line's Shin-Okachimachi Station, providing direct access to major hubs like Roppongi and Shinjuku. The JR Yamanote Line's Okachimachi Station is a 12-minute walk, and the Tokyo Metro Ginza Line's Inaricho Station is a 10-minute walk, offering two-line access. The area is rich in history and culture, being part of the traditional Shitamachi district. A short walk will bring you to the famous Ameya-Yokocho (Ameyoko) market, a bustling street market stretching from Okachimachi to Ueno, known for its fresh seafood, clothing, and vibrant atmosphere.
