Compact Investment Apartment in Katsushika, Tokyo
This property is a studio apartment (one-room) located on the second floor of a five-story reinforced concrete (RC) condominium building constructed in February 1988. The apartment offers a compact living space with a wall-core exclusive area of 19.5 sqm (approximately 5.89 tsubo) and includes a 2.6 sqm balcony facing northeast. The building is managed by Classic Co., Ltd. under a fully outsourced, patrol-based management system.
Key financial details highlight its investment potential. The property is currently tenanted, generating a projected annual rental income of 552,000 yen, which results in a high forecasted annual yield of 8.49%. The asking price is 6.5 million yen. Monthly running costs include a management fee of 7,400 yen and a repair reserve fund of 5,120 yen. The building itself sits on a land area of 547.78 sqm and contains a total of 52 units.
The location in Katsushika Ward's Horikiri 3-chome offers excellent access via public transport. The apartment is a 7-minute walk from Keisei Main Line's Horikiri Shobuen Station and an 11-minute walk from Ohanajaya Station. The area is zoned as a neighborhood commercial district. A notable nearby landmark is the beautiful Horikiri Shobuen Garden, a historic iris garden from which the station takes its name, offering a serene natural escape within the city.
