Investment Opportunity in Tokyo's Vibrant Shibaura District
This property is a 2K layout condominium located on the 4th floor of a 10-story building (with one basement level) in the Shibaura 3-chome area of Minato Ward, Tokyo. Built in May 1982 with an SRC (steel-reinforced concrete) structure, the unit offers a wall-core exclusive area of 28.27 sqm (approximately 8.55 tsubo). The building is managed by Tokyu Community under a fully entrusted management system with a residents' association and a patrol-based superintendent.
Currently tenanted, this property presents a turnkey investment opportunity. The annual projected rental income is 1,056,000 yen, yielding an estimated annual return of 4.24%. The monthly running costs include a 12,400 yen management fee and a 10,350 yen repair reserve fund. The transaction is handled under an exclusive dedicated brokerage arrangement. Please note that the floor plan prioritizes the current condition of the property.
The location is exceptionally convenient, with Tamachi Station on the JR Yamanote Line just a 3-minute walk away, and Mita Station, serviced by both the Toei Asakusa and Toei Mita subway lines, a 5-minute walk. Shibaura is a dynamic waterfront area of Minato Ward, known for its mix of modern high-rise residences and industrial heritage, now transformed into trendy offices and commercial spaces. An interesting local fact is that the area was historically a major hub for Tokyo's wholesale fish market before the main operations moved to Toyosu. The closest major landmark is the iconic Tokyo Tower, a symbol of the city's post-war rebirth, easily accessible from the nearby stations.
