Investment Opportunity in a Quiet Ota Ward Residential Area
This property is a 1DK apartment for sale, located in a quiet residential area of Ota Ward, Tokyo. The apartment offers a generous total floor area of 34.92㎡ (approximately 10.56 tsubo), providing ample living space. The building is a 5-story reinforced concrete (RC) structure, and this unit is situated on the 3rd floor. It was built in May 1991.
According to the agent's notes, the property is equipped with a 2-burner stove, air conditioning, an indoor washing machine space, an auto-lock security system, and an elevator. The management fee is 16,880 yen per month, and the repair reserve fund is 22,383 yen per month. The balcony measures 5.67㎡. The current status is tenanted, and the estimated annual rental income is 1,314,000 yen, yielding an attractive projected annual return of 7.5%. The ownership is scheduled to change hands. The building has a total of 18 units and is managed under a fully contracted, patrol-based system.
The location is highly convenient, within walking distance of key stations. It is a 12-minute walk to Nishi-magome Station on the Toei Asakusa Line and a 23-minute walk to Mitakesan Station on the Tokyu Ikegami Line. The area is well-served by daily amenities, including supermarkets like MAIBASUKETTO Nakaiikegami and Tokyu Store Kamiikedai, and convenience stores such as LAWSON.
The surrounding Ota Ward area is a diverse part of Tokyo, known for its mix of residential neighborhoods and green spaces. An interesting local fact is that Ota Ward is home to Haneda Airport, Japan's busiest airport, which has a long history dating back to 1931. While the apartment is situated in a peaceful neighborhood, it offers relatively easy access to central Tokyo. The closest major tourist attraction is the historic Ikegami Honmon-ji Temple, a significant Nichiren Buddhist temple founded in the 13th century, located a short train or bus ride away.
