Investment Opportunity in Asakusa: Renovated Studio Apartment with Strong Rental Yield

This property is a studio apartment (one-room layout) located in the vibrant Asakusa district of Tokyo's Taito Ward. The apartment is part of the "Pale d'Or Asakusa" building, a 9-story reinforced concrete structure built in January 1986. The unit itself is on the 3rd floor and offers a wall-core exclusive area of 18.56 sqm (approximately 5.61 tsubo), featuring a 6-tatami mat Western-style room plus an additional 2-tatami mat space. A south-facing balcony of 2.68 sqm provides natural light.

Translated agent notes provide essential details. The property is currently tenanted, generating an annual rental income of 804,000 yen, resulting in a surface yield of 5.54% and a net yield of 4.38%. The unit underwent surface-level renovations in 2018. The building is well-equipped with features including storage space, air conditioning, CATV, an indoor washing machine space, lighting fixtures, security cameras, fire alarms, city gas, hot water supply, an elevator, and a paid bicycle parking area (3,000 yen per year). The exterior of the building features tile siding. The transaction is an exclusive intermediary arrangement. Please note that floor plans prioritize the current layout.

The location is highly accessible, within a 4-minute walk from Tokyo Metro Ginza Line's Tawaramachi Station, an 8-minute walk from the Toei Oedo Line's Kuramae Station, and a 10-minute walk from the Tsukuba Express's Shin-Okachimachi Station, offering access to four train lines. The surrounding area of Asakusa is rich in history and culture, famous for Senso-ji Temple, Tokyo's oldest temple. An interesting fact is that the nearby Kappabashi Dougu Street is a wholesale district where chefs from all over Japan purchase the incredibly realistic plastic food models displayed in restaurant windows.