Compact Investment Apartment in Ashikaga, Tochigi
This 1K apartment, located on the 7th floor of an 11-story building, offers a practical investment opportunity in Ashikaga City, Tochigi Prefecture. The property has a private floor area of 24.44 sqm (approximately 7.39 tsubo) and was built in October 1988. The building is a sturdy SRC (steel-framed reinforced concrete) structure and is managed by a professional company, Classite Inc., under a fully-consigned, daytime management system.
The property is currently tenanted, providing an immediate income stream. The projected annual rental income is 359,000 yen, yielding an estimated annual return of 11.21%. Monthly running costs include a 4,700 yen management fee and a 9,000 yen repair reserve fund. The sale price is set at 3.2 million yen. The apartment is equipped with standard fixtures and an owner change is planned. The floor plan prioritizes the current layout.
The location offers excellent convenience for daily life. Key amenities such as Welcia Ashikaga Asakura drugstore (426m), Apita Ashikaga shopping mall (491m), a Seven-Eleven convenience store (763m), and a Daiso store (373m) are all within walking distance. The area is also served by Ashikaga Bank and is close to Imai Hospital. For transportation, both Tobu Ashikaga-shi Station (a 15-minute walk) and Tobu Izumi Station (a 10-minute walk) on the Tobu Isesaki Line provide access to the wider region.
Ashikaga is a city rich in history and culture. An interesting fact is that Ashikaga is home to Ashikaga Gakko, considered the oldest academic institution in Japan, founded in the 9th century. The closest major tourist attraction is the stunning Ashikaga Flower Park, famous for its magnificent wisteria trellises, which draw visitors from across the country, especially during the spring bloom.
