Apartment Building Investment Opportunity in Tokyo's Kita Ward
This is a six-unit apartment building located in Tabata 1-chome, Kita Ward, Tokyo, presenting a turnkey investment opportunity. The property is currently fully tenanted, providing immediate rental income. The building was originally constructed in December 1975 and features a steel-frame structure. The total land area is 90.57 sqm (approximately 27.39 tsubo), while the total building floor area is 198.74 sqm (approximately 60.11 tsubo).
Critical agent notes provide essential details. The road access situation is detailed as: one-sided road facing southwest with a width of 6.5 meters. Remarks indicate that the exclusive (unit) areas range from 25.00 sqm to 28.00 sqm. Importantly, there is an extension/added construction on the 2nd and 3rd floors which is unregistered, and the date of this extension is unknown. Furthermore, this is an owner-change property, and the condition of the transaction is the takeover of the existing lease agreements.
The land is designated as Category I Residential Zone within the urbanization area, with a building-to-land ratio of 60% and a floor area ratio of 260%. The land is on a slope. The property includes parking facilities. The land rights are under an old-law leasehold (chintaiken) with a remaining lease period of 9 years and 2 months, expiring in April 2035, and a monthly ground rent of 18,590 yen.
The location offers superb convenience, being just a 2-minute walk from Tabata Station on the JR Yamanote Line, providing direct access to major hubs like Ueno, Tokyo, and Shinjuku. The Tokyo Metro Chiyoda Line's Nishi-Nippori Station is also within an 11-minute walk. The area of Tabata and nearby Nippori is historically known for its numerous temples and cemeteries, contributing to a quiet, residential atmosphere. A major nearby landmark is the beautiful Rikugien Garden, a traditional Japanese landscape garden from the Edo period, located a short train ride away in Bunkyo Ward.
