Investment Opportunity: Spacious 3LDK Apartment in Toride, Ibaraki
This property is a 71.31 sqm (approximately 21.57 tsubo) 3LDK apartment located on the 5th floor of a 13-story building constructed in December 1982. The layout includes a 6-tatami Japanese-style room, two Western-style rooms of 4.8 and 4.7 tatami respectively, and a spacious 13.8-tatami combined living, dining, and kitchen area. The apartment features a 7.82 sqm balcony with a southeast-facing exposure for excellent natural light.
Translated from the agent's notes, the property is currently under an owner change and is tenanted, making it an investment purchase. The projected annual rental income is 720,000 yen, with a calculated annual yield of 9.73% based on the asking price. The building is a reinforced concrete (SRC) structure with over two elevators. Interior equipment includes a washing machine space and city gas. The complex itself offers impressive shared amenities, including tennis courts and a multi-purpose square within the grounds.
The apartment is situated in Toride City, Ibaraki Prefecture, a short 7-minute walk from Fujishiro Station on the Joban Line, providing direct access to central Tokyo. The area offers convenient daily living with a post office, convenience stores, supermarkets, and other shops within easy walking distance. An interesting local fact is that Toride is known for its connection to the Tone River and its history as a post town during the Edo period. The closest major landmark is the historic Kashima Jingu Shrine, one of Japan's oldest and most important Shinto shrines, located a short drive or train ride away.
