Compact Investment Condominium in Setagaya, Tokyo
This property is a one-room apartment for sale located in the Miyasaka 3-chome area of Setagaya Ward, Tokyo. The apartment is situated on the 1st floor of a 4-story reinforced concrete (RC) building constructed in March 1983. The unit offers a compact yet functional living space with a total floor area of 15.27 square meters (approximately 4.61 tsubo), which includes a 6.5-tatami mat Western-style room and a balcony of 2.34 square meters. The main source of natural light is from the northeast.
Key equipment and features include air conditioning, a space for a washing machine, and lighting fixtures. A special note is that the property is currently tenanted, providing an immediate rental income stream. The projected annual rental income is 648,000 yen, yielding an estimated annual return of 6.54%. The transaction involves an owner change. The management of the building is fully delegated to a management company with a巡回管理 (rotational/patrol-based management) system. The seller specifies the judicial scrivener for the transaction.
The area of Miyasaka in Setagaya is known for its quiet, residential atmosphere while being conveniently close to central Tokyo. An interesting local fact is that Setagaya Ward is home to the historic Setagaya Castle Ruins, a quiet park that was once the site of a medieval fortification. The closest major landmark is the vibrant and trendy Shimokitazawa district, famous for its vintage clothing stores, live music venues, and eclectic dining scene, easily accessible from the nearby stations.
