AZEST Kameido II: A Modern Investment Apartment in Tokyo's Waterfront District

This property is a well-maintained 1K apartment located on the 4th floor of a 5-story reinforced concrete (RC) building named AZEST Kameido II. Built in January 2019, the unit offers a compact yet efficient living space with a wall-core exclusive area of 25.81 square meters (approximately 7.8 tsubo), featuring a balcony of 3.33 square meters with a primary exposure to the northwest. The building is professionally managed by AZEST Community with a rotational superintendent system and includes essential amenities such as an elevator, city gas, bicycle parking, and motorcycle parking. The apartment is currently tenanted, providing an immediate annual rental income projection of 1,058,400 yen, which translates to a projected yield of 3.99%. Additional monthly costs include a management fee of 5,760 yen and a repair reserve fund of 4,030 yen, with an internet usage fee of 750 yen per month. The property comes with defect insurance and a performance evaluation. The land is designated as a Quasi-Industrial Zone and has all ownership rights guaranteed.

The apartment is situated in Koto Ward, Tokyo, a vibrant area known for its blend of traditional shitamachi (downtown) culture and modern redevelopment. Koto Ward is home to a significant portion of Tokyo's famed Sumida River waterfront. A notable nearby landmark is the Kameido Tenjin Shrine, famous for its beautiful wisteria trellises that bloom spectacularly in late April and early May, attracting visitors from across the city. The property offers excellent access, being just a 6-minute walk from Kameido Suijin Station on the Tobu Railway Kameido Line, providing convenient connections to central Tokyo.