Renovated Investment Apartment in Suginami, Tokyo
This is a well-balanced owner-change property suitable for long-term holding, currently tenanted. Located in Kamioji 4-chome, Suginami Ward, Tokyo, the apartment is within a 6-minute walk from Nishi-Ogikubo Station, served by the JR Chuo Main Line and the JR Sobu-Chuo Local Line. Ogikubo Station on the Tokyo Metro Marunouchi Line is a 25-minute walk away.
The property is a 2LDK apartment with a private floor area of 56.42 sqm (approx. 17.06 tsubo) located on the 6th floor of a 7-story above-ground (with 1 basement) reinforced concrete (RC) building constructed in March 1967. The layout includes a 13.6-jo LDK, a 4.6-jo Western-style room, and a 4.5-jo Western-style room, with a 6 sqm balcony facing southeast. The building is managed by Japan Housing Corporation with full委托 and daytime management staff.
Key renovations were completed in October 2022, including the kitchen, bathroom, toilet, washbasin area, and drainage pipes. Interior renovations from the same period encompass flooring, interior doors, walls, ceilings, the entrance, washroom, and toilet floor tiles. All rooms feature flooring and interior doors with a mirror-like finish, and there is a shoe storage box. Equipment includes a bath reheating function, bathroom dryer, bathroom heating, a system kitchen, internet readiness, an indoor washing machine space, an elevator, a paid bicycle parking lot (2,600 yen/month), and a paid motorcycle parking space (2,000 yen/month). A car parking space is available for 15,000 yen per month.
The property is offered for sale at 49.8 million yen. It generates an estimated annual rental income of 2.52 million yen, yielding a projected annual return of 5.06%. Monthly costs include a 9,900 yen management fee and a 16,300 yen repair reserve fund. The building has 71 units total. The land is designated as Category I Low-Rise Exclusive Residential Zone (Neighborhood Commercial Zone).
The Suginami area is known for its residential charm and cultural atmosphere. An interesting local fact is that the neighborhood is famous for its numerous antique and vintage furniture shops, particularly around Nishi-Ogikubo Station, earning it a reputation as a treasure trove for collectors. The closest major landmark is the historic Zenpuku-ji Temple, one of Tokyo's oldest Buddhist temples, located a short distance away in nearby Azabu.
