Investment Opportunity in Koenji: A Well-Maintained 1973 Apartment with Stable Tenant Income

This property is a 31.27 sqm (approximately 9.45 tsubo) 2K apartment located on the 5th floor of an 8-story SRC (steel-framed reinforced concrete) building in Koenjiminami, Suginami Ward, Tokyo. Built in October 1973, the apartment features a layout consisting of two Japanese-style rooms: a 6-tatami mat room and a 4.5-tatami mat room. The building is equipped with an elevator and a monitor-equipped intercom system for security and convenience.

According to the agent's notes, the property is currently tenanted, with a lease running from July 1, 2025, to June 30, 2027. The current monthly rent is 97,000 yen, projecting an annual rental income of 1,164,000 yen and an estimated yield of 6.29%. The apartment comes with several key features and equipment, including a toilet with a warm-water bidet seat, a grill, ample storage space with storage in all rooms, an indoor space for a washing machine, and an elevator. The management is fully entrusted, and there is no live-in superintendent. The property is situated within a Category I Medium-to-High-Rise Exclusive Residential Zone.

The Koenji area is renowned for its vibrant, alternative culture, boasting one of Tokyo's highest concentrations of live music venues and a famous annual Awa Odori dance festival. The property is just a 7-minute walk from Koenji Station, providing excellent access via the JR Chuo Line and the JR Sobu-Chuo Local Line. For a major tourist attraction, the historic and beautiful Gyoen National Garden is a short train ride away, offering expansive traditional Japanese landscapes in the heart of the city.