Compact Investment Apartment in Atsugi, Kanagawa
This property is a one-room apartment for sale located in Atsugi City, Kanagawa Prefecture. The unit is situated on the 2nd floor of a 4-story reinforced concrete (RC) building constructed in November 1990. With a private wall-core area of 16.78 sqm (approximately 5.07 tsubo) and a 3.71 sqm balcony facing southwest, the apartment offers a compact living space. The building features secure shared amenities including an auto-lock entry system and a parcel delivery box. The property is currently tenanted, providing an immediate rental income stream.
According to the agent's notes, this is an owner-change property, and a new electric water heater has been installed. The building is under self-management without a resident manager. The annual planned rental income is 396,000 yen, resulting in a projected yield of 13.65%. The monthly costs include a 5,000 yen management fee and a 5,120 yen repair reserve fund. The sale price is 2.9 million yen.
The apartment is conveniently located within a 13-minute walk from Hon-Atsugi Station on the Odakyu Odawara Line, providing direct access to Shinjuku in central Tokyo. Atsugi is a vibrant city blending urban convenience with natural surroundings, known for its proximity to the Tanzawa Mountains. An interesting local fact is that Atsugi is home to a large research and development center for a major global technology company. The area is also within reach of the historic Odawara Castle, a popular tourist destination showcasing samurai history and architecture.
