Compact Investment Apartment in Setagaya's Kyodo District
This property is a one-room apartment for sale located in Kyodo 1-chome, Setagaya Ward, Tokyo. The apartment is situated in a highly convenient location, just a 5-minute walk from Kyodo Station on the Odakyu Odawara Line, offering excellent access to central Tokyo. The building is a 4-story reinforced concrete (RC) structure built in November 1982, and this unit is on the 2nd floor. The exclusive floor area is 15.12 sqm (approximately 4.57 tsubo) with an additional balcony of 2.97 sqm, featuring a primary eastern exposure.
According to the agent's notes, the property is currently tenanted, providing stable rental income. The annual projected rental income is 708,000 yen, with an estimated annual yield of 4.48%. The building has undergone recent renovations, with the water system (water supply and drainage pipes) replaced in October 2022. The exterior of the building features tile siding. Equipment includes air conditioning and city gas for hot water supply. The management fee is 7,600 yen per month, and the repair reserve fund is 4,500 yen per month. Other costs include a one-time cooperative fee of 100 yen. The building is managed by ANABUKI Housing Service Co., Ltd., under a fully delegated management system with a巡回 (rotating/patrol) superintendent and an active management association. The property comes with defect insurance and a performance evaluation.
