Compact Investment Apartment in Setagaya's Serene South Karasuyama
This property is a compact 1K apartment located on the 3rd floor of a 5-story reinforced concrete (RC) building constructed in December 1985. The unit offers a wall-core exclusive area of 16.64 square meters (approximately 5.03 tsubo) and includes a balcony. The building is equipped with key amenities such as an auto-lock security system, an elevator, and a bicycle parking area.
Currently, the apartment is under a sub-lease contract with Apaman Shop, providing a stable rental income stream. The annual projected rental income is 561,600 yen, yielding an estimated annual return of 6.38%. The property is managed by Place Service Inc. under a fully-commissioned, daytime management system. It is important to note that the floor plan provided prioritizes the current layout and condition of the property.
The apartment is situated in the peaceful South Karasuyama 6-chome district of Setagaya Ward, Tokyo. The location offers excellent access, being just a 5-minute walk from Chitose-Karasuyama Station on the Keio Line and a 12-minute walk from Roka-koen Station. The area is designated as a Category I Exclusive Residential Zone. An interesting local fact is that the nearby Roka-koen Station is named after the historic Roka (Deer-Park) area, once part of a samurai lord's estate. The closest major landmark is the expansive and scenic Rikugien Garden, a famous Edo-period strolling garden and a designated Special Place of Scenic Beauty, located a short train ride away.
