Compact and Modern Investment Apartment in Katsushika, Tokyo
This property is a compact 1K apartment located on the 5th floor of a 5-story reinforced concrete (RC) building named MAXIV Shin-Koiwa in Katsushika Ward, Tokyo. Built in October 2020, the unit offers a modern living space with a total private area of 17.65 sqm (approximately 5.33 tsubo), featuring a 6-tatami mat Western-style room and a 6 sqm balcony with a primary exposure to the northwest. The building is well-equipped with amenities including an auto-lock security system, elevator, parcel delivery boxes, and a bicycle parking area.
Key features and equipment translated from the agent notes include a system kitchen with a 2-burner stove, a washbasin with shower, a separate independent kitchen area, air conditioning in all rooms, internet readiness, a dedicated indoor space for a washing machine, flooring throughout all rooms, a monitor-equipped intercom, security cameras, fire alarms, a corner room location, and being on the top floor. Utilities are city gas with a reheating function for hot water supply.
Special notes indicate an owner change is scheduled. The property is currently tenanted, generating an estimated annual rental income of 868,860 yen, which translates to a projected annual yield of 3.86%. The transaction is handled as an exclusive intermediary (専任媒介). The monthly fees are 5,870 yen for management and 1,300 yen for repair reserve fund. There is no parking space included.
