Compact Investment Condominium in Tokyo's Ota Ward
This property is a one-room condominium unit for sale, located in the Minami-Magome 5-chome area of Ota Ward, Tokyo. The apartment is situated on the 1st floor of a 4-story reinforced concrete (RC) building constructed in March 1984. The unit offers a compact yet functional living space with a wall-core exclusive area of 14.22 square meters (approximately 4.3 tsubo) and includes a balcony. The building is under full outsourcing management with a patrol-based superintendent system.
Financially, this unit presents an investment opportunity. It is currently tenanted, generating an estimated annual rental income of 636,000 yen, which translates to a projected annual yield of 8.05%. The monthly carrying costs include a management fee of 6,500 yen and a repair reserve fund of 6,000 yen. The sale price is set at 7.9 million yen. The property comes with an owner change clause and has undergone an inspection for defects, with defect insurance and equipment performance guarantees in place. The land use district is classified as a neighborhood commercial area.
