Investment Opportunity: 2DK Apartment Near Higashi-Jujo Station
This is a currently tenanted investment property located just a 3-minute walk from Higashi-Jujo Station on the Keihin-Tohoku Line. The apartment is an owner-change opportunity, offering a surface yield of 5.12% and is already enrolled with a guarantee company. It is a corner unit on the 6th floor of an 8-story building, featuring a 2DK layout. A key financial advantage is that the land is under an old-law leasehold right, meaning the owner is not responsible for the fixed asset tax on the land portion.
Translated agent notes provide essential details. The equipment includes city gas, water supply, sewage, and an elevator. Special notes highlight that the unit benefits from two-sided sunlight exposure. Further remarks detail the financials: an annual rental income of 912,000 yen, a monthly rent of 76,000 yen (including management fees), and the aforementioned 5.12% surface yield. The property is enrolled with a rental guarantee company. The annual fixed asset and city planning tax is 26,278 yen (based on Reiwa 7). The land rights are an old-law leasehold (from December 25, 2025, for 30 years), with a monthly ground rent of 1,975 yen. The renewal fee for the leasehold right is 10%, and the name transfer fee is also 10% (borne by the seller).
The Kita Ward area offers a vibrant residential atmosphere with excellent transit links. An interesting local fact is that the nearby Oji area is historically known as the birthplace of modern Japanese paper money, with the first paper mill established there in the Meiji era. For recreation, residents are within easy reach of the expansive Asukayama Park, a famous scenic spot known for its cherry blossoms, museums, and historic monuments.
