Compact Investment Apartment in Shinjuku's Vibrant Neighborhood
This property is a compact 1K apartment located on the third floor of a four-story reinforced concrete (RC) building in Shinjuku's bustling 1-chome Hyakunincho district. With a wall-core exclusive area of 16.82 sqm (approximately 5.08 tsubo), this unit is currently tenanted, offering an immediate investment opportunity. The annual projected rental income is 744,000 yen, yielding a promising gross return of 5.39%. The building, constructed in May 1979, comprises 39 units and is managed by Japan Housing under a fully outsourced, patrol-based management system. The property includes a balcony and is part of a Quasi-Residential Zone.
Key equipment and features include a building inspection, defect warranty, defect insurance, equipment warranty, and a performance evaluation. The land ownership is freehold, and the transaction is handled directly by the seller. Please note that the floor plan prioritizes the current condition of the property.
The area of Shinjuku's Hyakunincho is a dynamic and international neighborhood, known for its close proximity to the vibrant Koreatown around Shin-Okubo Station. An interesting historical fact is that the district's name, "Hyakunincho" (One Hundred People Town), originates from the Edo period when it was a settlement for one hundred guardsmen. The closest major landmark is the iconic Tokyo Metropolitan Government Building in Shinjuku, offering spectacular free observation decks with views of the city and, on clear days, Mount Fuji.
