Investment Opportunity in Meguro: Corner-Plot Apartment Building with Owner Change
This commercial apartment building, located in the desirable Meguro ward of Tokyo, presents a significant investment opportunity. The property is currently undergoing an owner change and is partially tenanted. The current situation includes a portion used as the owner's residence and another portion utilized by family members. The projected annual rental income at full occupancy is 9,289,200 yen, with an estimated yield of approximately 4.82%. The sale price is inclusive of tax.
The building itself is a reinforced concrete (RC) structure built in December 1988, complying with the new earthquake-resistant standards. It underwent major renovation work in 2022, and a full-building drainage pipe cleaning was completed in 2025. The property sits on a corner plot with road frontage details as follows: Southwest side, 7-meter wide public road; Southeast side, 4-meter wide public road. There is a setback of approximately 2.04 sqm. A building inspection certificate is not available. The maximum and minimum exclusive (unit) areas are unknown. As the property is occupied, viewings require special consideration. The building is equipped with NTT's FLET'S Hikari fiber-optic internet service.
The area of Meguro is known for its blend of residential calm and sophisticated urban life, featuring stylish cafes, galleries, and the famous Meguro River, which is lined with hundreds of cherry trees that create a stunning tunnel of blossoms every spring. A major landmark nearby is the historic and picturesque Meguro Gajoen, a complex renowned for its lavish, art-deco style interiors and traditional Japanese gardens, often called the "Palace of the Dragon."
