Compact Investment Condominium in Vibrant Ikebukuro
This studio apartment presents a compelling investment opportunity in the heart of Tokyo's bustling Ikebukuro district. The property is a one-room unit with a wall-core exclusive area of 16.09 sqm (approximately 4.86 tsubo), located on the 2nd floor of a 5-story reinforced concrete (RC) building constructed in June 1987. The building comprises 52 units and is managed by Union City Service Co., Ltd. under a fully outsourced, patrol-based management system.
Key financial details include an asking price of 10.4 million yen, with monthly management fees of 7,950 yen and a repair reserve fund of 5,970 yen. The property is currently tenanted, generating an estimated annual rental income of 852,000 yen, which translates to a projected annual yield of approximately 8.19%. Additional running costs include a monthly land lease fee of 3,030 yen. Important notes from the agent specify that the name transfer fee, equivalent to 60 months of ground rent, will be borne by the seller. The property is held under an old-law leasehold right valid until April 21, 2046.
The apartment benefits from a northeastern primary light exposure. The building has undergone a building inspection and comes with defect insurance and equipment performance evaluation guarantees. The transaction is handled as a general intermediary.
