Spacious 1K Apartment with Investment Potential in Tokyo's Sugamo
This well-maintained apartment, located in Tokyo's Sugamo district, offers a comfortable living space with a practical layout. The property features a 1K floor plan with a wall-core exclusive area of 21.84 sqm (approximately 6.6 tsubo), including a 2.68 sqm balcony facing the northwest for natural light. The building is an 8-story reinforced concrete (RC) structure, with this unit situated on the 1st floor. It was constructed in January 2007 and is part of a 31-unit condominium.
Key equipment and features include ample storage space, an in-unit washing machine area, an auto-lock security system, hot water supply, and an elevator. The management is fully entrusted to a professional company, Toshin Community, which provides regular patrols. The property comes with an inspection and defect warranty (瑕疵保険) as well as a performance evaluation. The land is designated as a Category I Medium-to-High-Rise Exclusive Residential Zone.
Currently tenanted, this property presents an investment opportunity with an estimated annual rental income of 984,000 yen and a projected annual yield of 4.73%. The transfer of ownership is planned. The monthly running costs include a 9,400 yen management fee and a 10,900 yen repair reserve fund. Other key details include a negotiable handover date and a general intermediary transaction method.
The area of Sugamo is famously known as "Harajuku for the elderly" due to its popularity with older residents, offering a nostalgic shopping street with traditional shops and the famous Kogan-ji Temple, commonly called the "Togenuki Jizo," which is believed to have healing powers. The closest major landmark is the historic and culturally significant Senso-ji Temple in Asakusa, one of Tokyo's oldest and most visited Buddhist temples.
