Compact Investment Apartment in Suginami, Tokyo
This studio apartment, located in the quiet residential neighborhood of Momoi 4-chome, Suginami Ward, Tokyo, presents a low-maintenance investment opportunity. The unit is situated on the 4th floor of a 4-story reinforced concrete (RC) building constructed in April 1988. The property features a convenient and easy-to-clean IH cooking heater. The building is equipped with a monitor-type auto-lock system for security and is on the top floor. Other equipment includes air conditioning, heating, CATV, and storage space. There is a bicycle parking area available for a monthly fee of 200 yen. The exterior of the building is tile-clad.
Special notes indicate this is an owner-change property, and the takeover of the current lease agreement is a condition of purchase. The current tenant is in place, generating an estimated annual rental income of 528,000 yen, with a projected surface yield of 7.59%. The property is offered for 6,950,000 JPY. Monthly fees include 7,590 JPY for management and 9,600 JPY for repair reserves. The exclusive area is 16.74 sqm (approximately 5.06 tsubo) measured to the center of the walls, with a south-facing balcony.
The area of Suginami is known for its relaxed, residential atmosphere while still being within Tokyo's 23 wards. An interesting local fact is that the famous Ghibli Museum is located in neighboring Mitaka City, just a short train ride away. The closest major landmark is the expansive and historic Meiji Jingu Gaien (Meiji Shrine Outer Garden), which is home to iconic venues like the Meiji Memorial Picture Gallery and the National Stadium, and is easily accessible from the area.
