Fully Renovated Investment Apartment in Tokyo's Ikebukuro Honcho
This property is a 2DK apartment located on the 5th floor of the Ikebukuro Honcho Dai-2 Royal Co-op building in Toshima Ward, Tokyo. Priced at 14.9 million yen, it presents a compelling investment opportunity with an estimated annual rental income of 1.2 million yen and a projected yield of 8.05%. The apartment underwent a full renovation in September 2018, ensuring modern living standards.
According to the agent's notes, the property features a shower room, a 2-burner stove, ample storage space, an air conditioner, fiber-optic internet readiness, an indoor space for a washing machine, lighting fixtures, and a free-of-charge bicycle parking area. A special note highlights that the unit benefits from three-sided natural light, enhancing the sense of space and brightness. It is important to note that the building does not have an elevator and access is via stairs only.
The apartment offers a practical layout with a Western-style room of 7 tatami mats, another Western-style room of 6 tatami mats, and a Dining-Kitchen area of 4 tatami mats. The total exclusive area is 34.66 sqm (approximately 10.48 tsubo), with a 3 sqm balcony facing east. The building is a 5-story reinforced concrete (RC) structure built in January 1975, with a total of 20 units. The management is self-administered with a resident manager on-site.
The location is highly convenient, just a 2-minute walk from Shimobaba Station on the Tobu Tojo Line and a 7-minute walk from Itabashi Station on the Saikyo Line, providing excellent access to central Tokyo. The surrounding area of Ikebukuro Honcho is a vibrant residential district within the bustling Ikebukuro area. An interesting local fact is that nearby Ikebukuro Station is home to the Sunshine City complex, which housed the world's tallest building upon its completion in 1978. The closest major tourist attraction is the historic Rikugien Garden, a beautiful traditional Japanese landscape garden located a short train ride away, offering a serene escape from the city bustle.
