Compact Investment Apartment in Tokyo's Bunkyo Ward
This 1K apartment, located in the Suido 1-chome area of Tokyo's Bunkyo Ward, presents a practical investment opportunity. The property is currently tenanted, generating a projected annual rental income of 936,000 yen, which translates to an attractive yield of approximately 5.08%. The apartment itself is situated on the 2nd floor of a 6-story SRC (steel-reinforced concrete) condominium built in May 1991, meeting the new earthquake-resistant standards. The unit offers a wall-core exclusive area of 25.23 sqm (approximately 7.63 tsubo) and includes a 2.59 sqm balcony with a primary northern exposure.
Key financial details include an asking price of 18,400,000 yen. Monthly running costs consist of a 14,100 yen management fee and an 8,720 yen repair reserve fund. The building is fully entrusted for management with a daytime superintendent and an active management association. The property is equipped with city gas and a public water supply system. The agent notes specify that the floor plan provided prioritizes the current layout and condition of the unit.
The location offers excellent access, being a 10-minute walk from Edogawabashi Station on the Tokyo Metro Yurakucho Line and a 12-minute walk from Myogadani Station on the Tokyo Metro Marunouchi Line. The surrounding Bunkyo ward is a fascinating blend of old and new Tokyo, known for its many universities, publishing houses, and tranquil residential neighborhoods. A major nearby landmark is the Koishikawa Korakuen Garden, one of Tokyo's oldest and most beautiful Japanese landscape gardens, dating back to the early Edo period and offering a serene escape from the city bustle.
