Renovated Investment Condominium in Koto Ward with Strong Rental Yield
This is a 3LDK condominium for sale located in Koto Ward, Tokyo, a short 5-minute walk from Monzen-nakacho Station. The property is an owner-change investment unit, currently tenanted and generating a stable income with an indicated yield of 5.3%. The apartment underwent a full renovation in September 2013 and has been leased at a monthly rent of 210,250 yen since March 2023.
According to the agent's notes, the property features a comprehensive list of equipment and amenities. The bathroom and toilet are separate, and the unit includes a shower-equipped vanity counter, a counter kitchen with a facing layout, and an IH cooking heater. It is fitted with a water purifier, two or more air conditioners, and CATV/Internet connectivity with optical fiber. The flooring is entirely hardwood, and the windows feature double-glazed, multi-pane glass. For security, there is a double-lock door, a dimple key, and a surveillance camera at the entrance. The building offers conveniences like an elevator, the ability to take out trash at any time, and on-site parking for bicycles (800 yen/month) and motorcycles (1,500 yen/month). Notably, the grounds include a park with play equipment and a sandbox.
Special features highlighted by the agent include a quiet residential neighborhood, eligibility for use with the Japan Housing Finance Agency, two-sided natural light, excellent sunlight exposure, good ventilation, an exterior finished with tiles, and convenient access to two different train lines. The property is also noted as being suitable for use as an office (subject to consultation).
The renovation history is detailed: an interior renovation in September 2013 replaced flooring, wall coverings, interior doors, and windows, and added double-sash windows to all rooms. The kitchen, toilet, and washbasin were also renovated at that time. Further updates to the kitchen, bathroom, and toilet were completed in January 2018, adding an IH hob, bathroom heating, and toilet heating equipment. The water heater was replaced in January 2009.
The area of Koto Ward is a fascinating blend of traditional shitamachi (downtown) culture and modern development, with a network of canals and rivers. A major landmark nearby is the iconic Tokyo Skytree, located just across the Sumida River, offering spectacular views and a vast shopping and entertainment complex at its base.
