Apartment Building Investment Opportunity in Shinagawa, Tokyo
This property is a five-unit wooden apartment building constructed in October 1957, located in the Futaba 3-chome area of Shinagawa Ward, Tokyo. The building spans two stories with a total floor area of approximately 44.96 tsubo (148.65 sqm). The land area is approximately 48.91 tsubo (161.71 sqm), with a portion being private road area of 44.79 sqm, shared under a 1679/5000 ownership ratio. The property is situated in a City Planning Area designated as an urbanization zone and falls under the Category I Exclusive Residential District, with a building coverage ratio of 60% and a floor area ratio of 200%. The terrain is flat. The property is currently tenanted, and the transaction involves an owner change.
Critical agent notes have been provided. The road access details specify: West side, width 1.2m private road, frontage 14.3m, no position designation. Important remarks include: The exact date of new construction is unknown. The building exceeds the legal building coverage ratio. The property does not meet road frontage requirements, making reconstruction impossible. Seller's liability for non-conforming contracts is disclaimed. Mitsui Sumitomo Trust Loans can be introduced (financing up to 30 years possible). Handover is scheduled for on or after September 1, 2025.
The area offers excellent accessibility, being just a 5-minute walk from the JR Yokosuka Line's Nishi-Oi Station and a 9-minute walk from the Tokyu Oimachi Line's Togoshi-Koen Station. An interesting local fact is that Shinagawa Ward was historically a major post-station town on the Tokaido road during the Edo period. The closest major landmark is the iconic Tokyo Tower, a symbol of the city's post-war rebirth, located a short train ride away and offering panoramic views of the metropolis.
