Investment Opportunity in Tokyo's Itabashi Ward: A Well-Maintained Studio Apartment
This listing presents a studio apartment (One Room) located in the Lions Mansion Tokiwadai No. 2 building in Itabashi Ward, Tokyo. As an owner-change property, it is currently tenanted, allowing the new purchaser to begin receiving rental income immediately upon acquisition. The apartment offers a compact yet functional living space with a wall-core exclusive area of 18.22 sqm (approximately 5.51 tsubo), featuring a 6-tatami mat Western-style room and a south-facing balcony measuring 2.38 sqm.
The property is equipped with an induction cooktop (IH), air conditioning, an in-unit washing machine space, an auto-lock security system, an elevator, and a bicycle parking area. The building itself is a 5-story reinforced concrete (RC) structure, with this unit situated on the 4th floor. It was constructed in August 1989 and is managed under a fully contracted, patrol-based management system. The property comes with inspection, defect warranty, equipment warranty, and performance evaluation documentation. The annual projected rental income is 624,000 yen, yielding an estimated gross return of 5.94%.
