Investment Opportunity in Suginami: Palais Homes Agasaka Condominium
This property is a 1K layout condominium unit located on the 2nd floor of a 4-story reinforced concrete (RC) building in Shimo-Igusa 1-chome, Suginami Ward, Tokyo. The unit has a private balcony of 2.8 sqm and a wall-core measured exclusive area of 19.1 sqm (approximately 5.77 tsubo). The building itself, Palais Homes Agasaka, was constructed in August 2005 by Kitano Construction and features a total of 29 units. The property is currently tenanted, offering an immediate investment opportunity with a projected annual rental income of 936,000 yen and an estimated yield of 5.2%.
Key equipment and features of the building include a fully delegated management system with a巡回 (rotating) caretaker and an active management association. The managing company is Japan Housing Inc. The property comes with瑕疵保証 (defect liability insurance) and a性能評価 (performance evaluation). The land is designated as a Category I Residential Zone (Category I Low-Rise Exclusive Residential Zone). Special notes indicate that the transaction is a一般媒介 (general intermediary arrangement) and the current status is賃貸中 (currently rented). The handover timing is listed as相談 (consultation). There is no repair reserve fund contribution required for this unit, though a monthly management fee of 16,260 yen applies. Parking is available asその他 (other).
The area of Shimo-Igusa offers a quiet residential atmosphere within Tokyo's Suginami Ward. It is conveniently served by two train stations: Asagaya Station on the JR Chuo Main Line is a 12-minute walk away, providing direct access to Shinjuku and Tokyo Station, while Saginomiya Station on the Seibu Shinjuku Line is also a 12-minute walk, connecting residents to Takadanobaba and Seibu Shinjuku. An interesting local fact is that Suginami Ward is known for its high concentration of animation studios, contributing significantly to Japan's anime industry. The closest major landmark is the expansive Shinjuku Gyoen National Garden, a beautiful blend of traditional Japanese, English landscape, and French formal gardens located within easy reach via the Chuo Line.
