Investment Opportunity: Owner-Change Apartment in Hino, Tokyo
This listing presents a compact 1K apartment located in the quiet residential neighborhood of Asahigaoka 2-chome, Hino City, Tokyo. The property is currently tenanted, generating a stable monthly rental income of 40,000 yen. With a purchase price of 4.5 million yen, it offers a calculated gross annual yield of 10.66%, based on projected annual rental income of 480,000 yen. The property is an "Owner-Change" opportunity, meaning it is being sold with the existing tenant in place, providing immediate income for the buyer.
The apartment's key features include a south-facing orientation, ensuring bright and sunny rooms. The unit has a private balcony measuring 2 square meters. The total private floor area is 15.21 square meters (approximately 4.6 tsubo), laid out in a 1K configuration with a 5.5-tatami mat Western-style room. The building is a 3-story reinforced concrete (SRC) structure built in March 1989, and this unit is located on the 1st floor. Building amenities include a shared entrance, collective mailboxes, a bicycle parking area (free of charge), a motorcycle parking area (free of charge), and a garbage disposal area.
Essential equipment and features within the apartment include storage space, air conditioning, CS antenna, fiber-optic internet readiness, an indoor washing machine space, lighting fixtures, a fire alarm, a water heater, and an all-electric system. The building is situated in a quiet residential zone with no building directly in front and features an exterior finished with tiles. Monthly running costs for the owner consist of a 2,000 yen management fee and a 6,000 yen repair reserve fund, totaling 8,000 yen paid to the management association. The annual fixed asset tax for the previous year was 25,900 yen. A parking space is available for 10,500 yen per month. Please note that furnishings are not included, and the photographs were taken when the current tenant moved in on September 1, 2019.
The area of Hino City offers a peaceful living environment while maintaining good access to central Tokyo. An interesting local fact is that Hino is home to the Tama Zoological Park, one of Japan's most famous and expansive zoos, which plays a significant role in wildlife conservation. The closest major landmark from this property is the historic and scenic Tama River, a popular spot for cycling, walking, and enjoying cherry blossoms in the spring.
