Modern Investment Condominium in Tokyo's Itabashi Ward
This property is a well-maintained one-room apartment located on the 7th floor of a 7-story reinforced concrete (RC) condominium building constructed in January 2016. The unit features a 1K layout with a dedicated balcony of 2.08 square meters. The private interior area is 25.5 square meters (approximately 7.71 tsubo). The building, named Grand Park N Tokyo 702, contains a total of 42 units and is professionally managed by Reality Management Co., Ltd., with a full-time, on-site superintendent and an active management association.
Key equipment and features of the property include a balcony. Special notes indicate the property is currently tenanted, generating a planned annual rental income of 1,032,000 yen, which results in a projected yield of 4.04%. The ownership is changing hands (Owner Change). The transaction is handled under an exclusive dedicated intermediary arrangement. The monthly costs include a management fee of 6,000 yen and a repair reserve fund of 1,000 yen. The property comes with defect insurance and a performance evaluation. The land is designated for a neighborhood commercial zone under the City Planning Act.
The apartment is situated in the Funado 1-chome area of Itabashi Ward, Tokyo. It offers excellent accessibility, being just a 7-minute walk from Ukima-Funado Station on the Saikyo Line, providing direct connections to major hubs like Shinjuku and Shibuya. The area is a quiet residential district along the Arakawa River, known for its cycling paths and green spaces. A notable nearby landmark is the historic Koizumi Yakumo Memorial Park, dedicated to the writer Lafcadio Hearn (known as Yakumo Koizumi in Japan), which features a charming Japanese garden and museum.
