Investment Opportunity in Itabashi: A Renovated Rental House Near Two Stations
This detached house located in Oya Kami-cho, Itabashi-ku, Tokyo, presents a unique investment opportunity. The property is currently tenanted and is being sold for 25,000,000 yen, with an expected annual rental income of 1,500,000 yen, representing a gross yield of 6%. The property features a 2LDK layout with a total floor area of 47.08 square meters on a land area of 37.22 square meters. The two-story wooden structure was built in August 1974 and has undergone a major renovation completed in September 2025. The renovation included new work on the bathroom, kitchen, toilet, and washstand, as well as new wall and floor installations. The property offers parking for two cars and is suitable for a two-family household.
The house is equipped with city gas, public water supply, and a sewer system. The toilet and bathroom are separate, with a reheating function for the bath, a shower toilet, and a full-auto bath system. The kitchen features a system kitchen with an IH cooking stove. The interior includes flooring, a TV-equipped intercom, a powder room, and a balcony. Heating is provided, and the toilet has a heated seat. A washing machine space is available indoors. Electricity is supplied by Tokyo Electric Power Company.
The property is conveniently located within walking distance of two train stations: an 11-minute walk from Naka-Itabashi Station and a 13-minute walk from Oyama Station, both on the Tobu Tojo Line. This dual-station access makes commuting and shopping convenient. As a detached house, there is minimal concern about noise from upper or lower floors, making it an attractive option for tenants.
Please note that this property does not front a road as defined by the Building Standards Law, and as a general rule, the building cannot be rebuilt. However, rebuilding may be possible under certain conditions, such as obtaining consent from all owners of the north-side passage. As the property is currently occupied, interior viewings are not possible.
