Investment Studio Apartment in Hino City, Tokyo
This property is a single-room apartment (1R) currently generating rental income in a convenient area of Hino City, Tokyo. The unit is located on the first floor of a five-story reinforced concrete (RC) building constructed in March 1992. The total floor area is 16.64 square meters, measured by core wall center. The land rights are freehold ownership.
The apartment is presently tenanted, with a current monthly rent of 40,000 yen. The property features include an indoor washing machine space, an auto-lock entrance system for security, bicycle parking, motorcycle parking, and a parcel delivery box for convenience. The monthly management fee and repair reserve fund total 12,280 yen. The gross rental yield is calculated at 11.5 percent.
The property is situated in the Asahigaoka district of Hino City. It is a 13-minute walk from JR Chuo Line's Toyota Station. This station serves as a starting point for some trains, offering a seated commute to Shinjuku. The station area is well-served by shopping facilities including an Ion and a Seiyu supermarket. The area around Toyota Station in Hino City is home to several universities, and the current tenant of this unit is a student. The property is being offered for sale at a price of 4,200,000 yen.
