Matsubara Town Home 306: A Well-Positioned Investment Condominium in Setagaya

This property is a 2LDK condominium unit located in the quiet residential area of Matsubara 1-chome, Setagaya Ward, Tokyo. Built in March 1983, the apartment offers a private floor area of 56.19 sqm (approximately 17.00 tsubo) with an additional south-facing balcony of 6.36 sqm. The building is a 3-storey reinforced concrete (RC) structure, and this unit is situated on the 3rd floor. Monthly fees include a management fee of 8,870 yen and a reserve fund of 18,000 yen. The property is currently tenanted, indicating immediate rental income for an investor.

Critical agent notes, translated from the Japanese, highlight the property's strong investment potential. The location offers high convenience with stable rental demand anticipated. There is room for rental price increases. The property benefits from excellent access, being an 8-minute walk from two train lines: the Keio Line and the Inokashira Line. Furthermore, asset value appreciation in the Matsubara area of Setagaya Ward is expected due to several ongoing development projects: the Urban Planning Road (Radial Route 23) project, the Keio Line elevated railway project, and Setagaya Ward's sports facility planning project. The building, constructed in 1983, is noted to be in good management condition.

The Matsubara neighborhood provides a peaceful living environment while being exceptionally well-connected. An interesting local fact is that the nearby Kanda River, which flows through the area, was historically a vital waterway for transporting goods into Edo (old Tokyo). The closest major landmark is the historic Meiji Jingu Shrine, a vast forested Shinto shrine dedicated to Emperor Meiji and Empress Shoken, located just a short train ride away.