Investment Apartment Building in Itabashi's Saiwai District
This property is a multi-unit apartment building located in Saiwai, Itabashi Ward, Tokyo. The building, constructed in February 1990, is a six-story reinforced concrete structure with a total of 19 units. The layout consists of 14 one-room units (1DK) and 4 two-room units (2DK), offering a total building area of 759.9 sqm (approximately 229.86 tsubo) on a land area of 257.84 sqm (approx. 77.99 tsubo). It is currently fully tenanted, presenting an immediate income-generating opportunity for an investor.
Critical agent notes provide essential financial details. The property has an assumed annual rental income of 21,739,200 yen when fully occupied, which includes parking revenue of 264,000 yen per year. The projected yield based on the asking price is 4.9%. It is crucial to note the following translated remarks: "The yield is the ratio of annual rental income (including common area fees, etc.) to the sales price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the assumed rent and assumed yield are calculated based on market rent, adding rent for vacant units and assuming full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of February 14, 2026)." An additional note states: "Currently rented (tenancy agreements to be taken over). Annual rent includes parking lot rent of 264,000 yen/year."
The Saiwai district in Itabashi offers a residential atmosphere with excellent connectivity via the Tobu Tojo Line's Ōyama Station, just a 9-minute walk away. The area provides a blend of local shops and green spaces. An interesting local fact is that Itabashi Ward is home to the historic Itabashi Furusato Museum, which preserves the area's cultural heritage. For a major tourist attraction, residents and visitors can easily access the iconic Tokyo Dome City complex in nearby Bunkyo Ward, featuring the Tokyo Dome stadium, an amusement park, and shopping facilities.
