Investment Opportunity in Taito Ward: 1K Apartment Near Asakusa

This studio apartment, located on the third floor of an eight-story building, presents a compelling investment opportunity in Tokyo's Taito Ward. The property is situated in the Motosasakusa 1-chome area, offering convenient access to multiple train lines and stations. The unit spans a floor area of 28.86 square meters and features a 1K layout, which includes a separate kitchen space. The balcony measures 3.9 square meters and faces south, allowing for natural light.

The building was constructed in January 1989 and is built with SRC (Steel Reinforced Concrete) construction, a robust structural method. The property is currently tenanted, generating an annual income of 984,000 yen, which equates to a 4.1% yield. The monthly management fee is 7,600 yen, and the monthly repair reserve fund is 8,940 yen. The building has a total of 39 units and is under self-management. Parking is available, though listed with other expenses. The land rights are freehold, and the property is located in a commercial zone. The transaction will be conducted as a brokerage agreement.

The property is within a three-minute walk from Shin-Okachimachi Station on the Toei Oedo Line, a six-minute walk from Inaricho Station on the Tokyo Metro Ginza Line, and a twelve-minute walk from Okachimachi Station on the Yamanote Line. This provides excellent connectivity for residents or tenants. The property is a condominium unit for sale, with a price of 24,000,000 yen. No Japanese agent notes were provided for translation.