Compact Investment Condominium in Nerima, Tokyo

This property is a compact one-room apartment located on the 5th floor of a 5-story reinforced concrete (RC) condominium building constructed in April 1991. The unit offers a wall-core exclusive area of 16.28 sqm (approximately 4.92 tsubo) and features a small 1.23 sqm east-facing balcony. The building is equipped with a coin-operated laundry room on the first floor and free bicycle parking. Key features of the property include its corner unit position and top-floor location, which often provides better light and privacy.

According to the agent's notes, the property is currently under a lease contract, and a sub-lease contract transfer is required for the new owner. The building management is fully outsourced, with a management association in place but no resident manager. The property comes with defect insurance and a performance evaluation. The annual projected rental income is 591,600 yen, yielding an estimated gross yield of 6.72%.

The apartment is situated in Nerima Ward, a residential area of Tokyo known for its parks and family-friendly atmosphere. An interesting local fact is that Nerima is considered the birthplace of Japanese ramen noodles, with the first ramen shop in Japan said to have opened here in 1910. The area is well-connected, with the closest major tourist attraction being the historic Edo-Tokyo Open Air Architectural Museum in Koganei City, which preserves and displays historical buildings from the Tokyo region.