Compact Investment Apartment in Tokyo's Taito Ward
This studio apartment, located on the 9th floor of the 9-story 'Iriya Century Plaza 21' building, offers a compact yet well-equipped living space in a prime Tokyo location. The property features a wall-core exclusive area of 16.2 sqm (approximately 4.9 tsubo) and includes a 2.4 sqm balcony with a primary northern exposure. The building itself is a sturdy SRC (steel-framed reinforced concrete) structure built in September 1989, comprising 97 units in total. It offers the convenience of an elevator, auto-lock security, and is situated on the top floor.
Translated agent notes on equipment and features include: IH cooking heater, closet, cooling, air conditioning, heating, internet-ready, auto-lock, top floor, and elevator. The property is currently tenanted, providing an immediate investment opportunity with an estimated annual rental income of 720,000 yen and a projected yield of 5.53%. An owner change is planned for the year. Running costs include a monthly hot water system maintenance fee of 2,000 yen, in addition to the monthly management fee of 10,000 yen and repair reserve fund of 4,000 yen.