Shibuya Station Area Studio Apartment with Investment Potential
This studio apartment is located in the vibrant Dogenzaka area of Shibuya, Tokyo, within a 6-minute walk from the major Shibuya Station. The property is situated on the 5th floor of a 13-story (with 2 basement levels) SRC (steel-reinforced concrete) building constructed in April 1979. The unit offers a wall-core exclusive area of 22.41 sqm (approximately 6.77 tsubo) and features a one-room layout with an 8.5-tatami mat Western-style room. A key feature is that all rooms have two-sided natural light, and this is a corner unit, enhancing brightness and ventilation. The building is equipped with two or more elevators, a monitor intercom, card key entry, security cameras, and 24-hour security.
Equipment includes a toilet with a warm-water bidet seat and an IH cooking heater. The property is currently tenanted, allowing for immediate handover, and is suitable for owner change. Notably, office use is permitted. The annual projected rental income is 1,584,000 yen, yielding an estimated gross yield of 4.55%. A large-scale renovation of the building is scheduled for completion in August 2025. The management fee is 8,400 yen per month, and the repair reserve fund is 4,480 yen per month.
The Dogenzaka slope is a famous entertainment and shopping district in Shibuya, historically known as a nightlife area and now a hub for youth culture and fashion. The area is undergoing significant redevelopment, increasing its future appeal. A major nearby landmark is the iconic Shibuya Scramble Crossing, one of the busiest pedestrian intersections in the world, located just a short walk from the property.
