Investment Opportunity in Tokyo's Zoshigaya: A Renovated 1LDK Apartment Near the Heart of the City
This property presents a compelling investment opportunity: a renovated 1LDK apartment in Tokyo's vibrant Toshima Ward, currently tenanted and offering an owner change. The agent notes highlight a surface yield of 5.63%, making it an attractive income-generating asset. The location is exceptionally convenient, being just a 1-minute walk from the Tokyo Metro Fukutoshin Line's Zoshigaya Station, providing rapid access to major hubs like Ikebukuro (2 minutes), Shinjuku-sanchome (7 minutes), and Shibuya (14 minutes).
The apartment itself has undergone a comprehensive interior and equipment renovation, completed in August 2019. This includes a full refurbishment of the water areas—kitchen, bathroom, toilet, and washbasin—as well as a complete interior overhaul of floors, walls, ceilings, and fittings. Key equipment features include a system kitchen with a 2-burner stove and dishwasher, a shower-equipped vanity, a toilet with warm-water bidet function, and a bathroom with reheating function, dryer, and heating. The unit is also fitted with air conditioning in all rooms, double-paned windows, a monitor-equipped intercom, and features a corner room layout with two-sided lighting.
Located on the 3rd floor of a 5-story above-ground (with 2 basement levels) reinforced concrete building, the apartment has a private area of 37.22 sqm (approximately 11.25 tsubo) and includes a 3 sqm balcony. The building, named 'Gentleman Mejiro 303', was constructed in July 1983 and is managed by a homeowners' association with a contracted management company. Special notes confirm the property is an 'Owner Change' and that the front of the building is unobstructed, with adjacent buildings situated more than 2 meters away.
The surrounding Zoshigaya area in Toshima Ward is a charming residential district known for its blend of traditional and modern Tokyo life. An interesting local landmark is the historic Zoshigaya Kishimojin Temple, a serene spot dedicated to the goddess of childbirth and child-rearing. For a major tourist attraction, the world-famous Sunshine City complex in Ikebukuro—with its aquarium, observation deck, and shopping—is just a short train ride away.
