Compact Investment Apartment in Koto Ward, Tokyo
This studio apartment, located on the 8th floor of a 10-story building with one basement level, offers a convenient urban living space in Tokyo's Koto Ward. The property features a wall-core exclusive area of 16.8 sqm (approximately 5.08 tsubo) with a 7-tatami mat Western-style room and a balcony. The building, constructed in October 1989, is a steel-reinforced concrete (SRC) structure with a total of 59 units. The monthly running costs include a management fee of 6,048 yen and a repair reserve fund of 3,410 yen.
Key features and agent notes include: The property is a corner unit, situated in a quiet residential area. It is permissible for owner changes and can be used as an office. The current status is tenanted, with a planned annual rental income of 780,000 yen, yielding an estimated annual return of 6.50%. The land is in a commercial zone under the National Land Use Planning Act, with prior confirmation completed. The property comes with defect insurance and a performance evaluation. The transaction is a general intermediary arrangement.
The Koto Ward area is a dynamic part of Tokyo, known for its blend of residential comfort and commercial activity. An interesting local fact is that the nearby Kameido Tenjin Shrine is famous for its beautiful wisteria trellises, which bloom spectacularly each spring and have been celebrated in art for centuries. The property is within walking distance of several train stations, providing excellent access to the rest of the metropolis.
