Investment Opportunity: Modern 1K Apartment in Itabashi, Tokyo
This property is a well-maintained 1K apartment located on the 1st floor of a 7-story reinforced concrete (RC) building in Itabashi Ward, Tokyo. Built in April 2007, the apartment offers a wall-core exclusive area of 29.11 sqm (approximately 8.8 tsubo) and includes a 4.51 sqm south-facing balcony. The building features an elevator and a parcel delivery box for added convenience.
According to the agent's notes, the unit is currently tenanted at a monthly rent of 75,000 yen, with no sub-lease arrangement in place. The annual projected rental income is 900,000 yen, yielding an estimated gross return of 4.5%. Monthly fees include 8,400 yen for management and 7,000 yen for repair reserves, with an additional 105 yen monthly charge for withdrawal processing. The property's fixed asset tax and city planning tax for the fiscal year 2025 (Reiwa 7) amount to 65,100 yen. The building is managed by Sky Service Co., Ltd. on a fully contracted, patrol-based system.
The apartment is equipped with a 2-burner stove, ample storage and closet space, air conditioning, an internet-ready setup, a designated indoor washing machine space, city gas, and a water heating system. The building itself has a total of 39 units, a building coverage area of 261.32 sqm, a total floor area of 1,387.1 sqm, and sits on a 383.75 sqm site.
The location is highly convenient, within an 11-minute walk from Hasune Station on the Toei Mita Line and a 13-minute walk from Ukima-Funado Station on the Saikyo Line. The neighborhood is zoned as a Quasi-Commercial District. The area offers excellent daily amenities, with several supermarkets and a convenience store within a few hundred meters. An interesting local fact is that the nearby Ukima-Funado area is known for its canals and boating culture, a remnant of its historical use for water transport. The closest major landmark is the historic and beautifully landscaped Rikugien Garden, a famous Edo-period strolling garden located a few stations away.
