Compact Investment Condominium in Itabashi, Tokyo

This property is a 1K layout condominium unit located on the 2nd floor of a 7-story reinforced concrete building constructed in March 2006. The unit offers a compact yet functional living space with a wall-core exclusive area of 20.02 sqm (approximately 6.05 tsubo) and includes a 2.75 sqm balcony facing southeast for natural light. The building is well-equipped with modern amenities including a system kitchen with a 2-burner stove, ample storage with closets and a shoe-in closet, air conditioning for cooling and heating, and in-unit laundry space. Building-wide features include an auto-lock security system with monitor intercom, surveillance cameras, fire alarms, elevator, parcel delivery boxes, 24/7 garbage disposal, and a bicycle parking area. Utilities are supported by city gas and fiber-optic internet, with BS, CS, and CATV connections available.

Currently under a sub-lease contract, this unit presents an investment opportunity with an estimated annual rental income of 788,000 yen and a projected yield of 4.14%. The property is noted as being suitable for two-generation households. Monthly costs include a management fee of 8,400 yen and a repair reserve fund of 9,100 yen. The building, named Toshin Phoenix Kamiitabashi, contains 32 units and is managed by a contracted,巡回 (patrolling) management company, LENZDX Inc., which also handles inspections and defect insurance.