Compact Loft Apartment in Tokyo's Ueno Area with Investment Potential
This one-room apartment, located in the vibrant Taito Ward district of Tokyo, offers a unique living solution with its included loft space. The loft provides valuable extra room that can serve as a sleeping area or storage, making the most of the compact 16.45 sqm (approximately 4.97 tsubo) floor plan. The property is part of the Urban Hills Ueno building, a 9-story reinforced concrete structure built in February 1991, and this unit is situated on the 2nd floor.
Key equipment and features include ample storage space, air conditioning, BS and CS antenna terminals, an optical fiber internet connection (ensuring smooth video streaming), an in-unit washing machine space, the aforementioned loft, a refrigerator, an auto-lock building entrance, city gas, an elevator, a free bicycle parking area, and paid motorcycle parking (8,000 yen per month). The building exterior features tile siding. Special notes indicate this is an IT-heavy document-ready property and is currently an owner-change opportunity, with a current monthly rent of 70,000 yen. The estimated annual rental income is 840,000 yen, yielding a projected annual return of 6.72%. The property is currently tenanted, and the handover timing is negotiable.
The apartment is well-connected, within a 9-minute walk from Tokyo Metro Hibiya Line's Iriya Station, an 8-minute walk from Tsukuba Express's Asakusa Station, and a 16-minute walk from the JR Yamanote Line's Ueno Station. The surrounding area of Ueno and Asakusa is rich in culture and history. An interesting local fact is that the nearby Kappabashi Dougu Street, a short walk away, is Japan's premier destination for restaurant supplies, where you can find everything from professional kitchen knives to the incredibly realistic plastic food models displayed in restaurant windows. The closest major landmark is the expansive Ueno Park, a short 1.5km away, which is home to several major museums, a zoo, and beautiful seasonal cherry blossoms.
