Spacious 2LDK Apartment in a Quiet Residential Area of Setagaya
This well-maintained apartment, built in March 1983, offers a comfortable living space of 56.19 sqm (approximately 16.99 tsubo) in the desirable Setagaya ward of Tokyo. The 2LDK layout is situated on the 3rd floor of a 3-storey reinforced concrete (RC) building, featuring a south-facing balcony of 6.36 sqm for excellent natural light. The property is currently tenanted, providing an immediate and stable rental income stream, with projected annual revenue of 1.98 million yen and an estimated yield of 3.04%.
Key features and agent notes highlight the property's strong investment potential. The location boasts high convenience with access to two train lines: both the Keio Line and the Inokashira Line are within an 8-minute walk from Meidaimae Station, and Higashi-Matsubara Station is also an 8-minute walk. This excellent location is complemented by promising area developments, including ongoing projects for the Urban Planning Road (Radial Route 23) and the Keio Line elevated railway, as well as Setagaya Ward's plans for new sports facilities, all of which are expected to enhance the asset value of the Matsubara area. The building is under full consignment management with巡回 (rotational) superintendent service by Mitsui Fudosan Residential Service. The property comes with inspection, defect insurance, and performance evaluation guarantees. Monthly fees include 8,870 yen for management and 18,000 yen for repair reserve fund. There is no parking available on-site.
The surrounding Matsubara neighborhood is a peaceful residential district known for its tranquility while being just minutes from major train lines. An interesting local fact is that the nearby Meidaimae area is a famous student hub due to its proximity to Meiji University, creating a vibrant and youthful atmosphere. For recreation and tourism, residents are within easy reach of the beautiful Shinjuku Gyoen National Garden, a vast park blending traditional Japanese, English landscape, and French formal garden styles, perfect for seasonal flower viewing and relaxation.
