Spacious 3LDK Apartment in Hachioji with Investment Potential
This well-maintained apartment in Hachioji, Tokyo, offers a comfortable 3LDK layout with a total floor area of 69.59 sqm (approximately 21.05 tsubo). Located on the 4th floor of a 5-story reinforced concrete (RC) building constructed in May 2008, the property features a south-west facing balcony of 5.04 sqm, providing excellent natural light. The building is part of the "Dia Palace Hachioji Oowada" complex, which includes 41 units and is managed by Tokyu Community Co., Ltd.
The apartment comes fully equipped with a range of desirable features. Key equipment includes a follow-up heating function for the bath, a bathroom dryer, a dishwasher/dryer, ample storage space including closets and a walk-in closet, underfloor heating, a designated indoor washing machine space, flooring in all rooms, an auto-lock security system, security cameras, city gas, hot water supply, an elevator, a parcel delivery box, a free bicycle parking area, and a motorcycle parking space available for a monthly fee of 1,000 yen.
Special notes from the agent provide crucial details. The property is sold in its current condition "as is" with a disclaimer for non-conformities in the contract. Owners residing outside the building are required to pay a monthly resident activity cooperation fee of 2,500 yen and a large-scale repair dedicated committee cooperation fee of 2,000 yen per month for three years from April 2024. The repair reserve fund is scheduled to increase by 890 yen every May. The unit is currently tenanted with a planned rental income of 145,000 yen per month from December 2025 for two years, resulting in an estimated annual rental income of 1.74 million yen and a projected yield of 5.83%. Small pets, such as small dogs, are negotiable.
The property is situated in the Oowada 5-chome district of Hachioji, a major city in western Tokyo known for its rich nature and historical sites. An interesting fact about Hachioji is that it is home to Mount Takao, a popular hiking destination with ancient temples, which is visited by millions annually for its beautiful autumn foliage. The closest major landmark is the historic Hachioji Castle ruins, a park offering scenic views and a glimpse into the area's samurai past.
