Spacious Studio Apartment in Sugamo, Tokyo with Investment Potential

This property is a well-maintained studio apartment located on the 13th floor of a 14-story building in the vibrant Sugamo district of Tokyo's Toshima Ward. The apartment offers a generous wall-core exclusive area of 34.21 square meters (approximately 10.34 tsubo), which is notably spacious for a one-room layout. The unit includes a balcony of 6.68 square meters facing the northwest, providing natural light and outdoor space.

The building, constructed in August 1984 with a steel-reinforced concrete (SRC) structure, is part of the "Heiness Dai-2 Sugamo" complex comprising 77 units. Building amenities include an auto-lock security system, security cameras, an elevator, and a delivery box. The property is currently tenanted, offering an immediate investment opportunity with an estimated annual rental income of 1.44 million yen and a projected yield of 4.23%. The management is fully delegated to Heiness Management Co., Ltd., with a daytime superintendent. Monthly fees include 8,400 yen for management and 10,350 yen for repair reserve fund. There is no parking available. Special notes indicate an owner change is scheduled for the year, and the property comes with defect insurance and a performance evaluation.

The Sugamo area is famously known as "Harajuku for Grandmas" due to its popularity with older shoppers, offering a unique and traditional shopping street experience. The apartment is conveniently located within walking distance of several major train stations, including a 7-minute walk to Nishi-sugamo Station on the Toei Mita Line, providing excellent access across Tokyo. The closest major landmark is the historic and iconic Senso-ji Temple in Asakusa, one of Tokyo's oldest and most significant Buddhist temples, easily accessible via the nearby subway lines.