Renovated 1LDK Apartment in Tokyo's Waseda District with Investment Potential
This property is a renovated 1LDK apartment located on the 5th floor of an 8-story building in the sought-after Waseda area of Shinjuku Ward, Tokyo. The apartment features a full renovation completed in September 2019, which has added significant value. It comes equipped with a system kitchen that includes a stove and sink, ample storage space, and air conditioning. The unit benefits from a corner location with three-sided lighting, ensuring excellent natural light. The building exterior is tiled and includes an elevator, and the apartment is supplied with city gas. Additional equipment includes CATV and an indoor space for a washing machine.
Special notes indicate that the property is available for office use, making it an attractive option for professionals or investors. It is currently tenanted, with an estimated annual rental income of 1,884,000 yen, yielding an estimated annual return of 4.39%. The ownership has changed hands, and the transaction is handled via an exclusive dedicated agency. The layout consists of a 4.5-tatami mat Western-style room and a 10.5-tatami mat combined Living-Dining-Kitchen area. The balcony faces southwest. Monthly fees include 18,500 yen for management and 10,000 yen for repair reserve funds, with an additional annual cable TV cost of 3,240 yen.
The apartment is situated in a vibrant academic and cultural district, home to the prestigious Waseda University. The area is rich in history and green spaces. A major nearby landmark is the historic Waseda University Tsubouchi Memorial Theatre Museum, a cultural institution dedicated to the study of theatre and film, located just a short walk from the campus.
