Investment Opportunity: Multi-Unit Apartment Building in Meguro, Tokyo

This property is a multi-unit apartment building ("ikkodate mansion") for sale in the desirable Meguro ward of Tokyo. The building, constructed in October 1983, is a four-story reinforced concrete (RC) structure with a total floor area of 716.66 sqm (approximately 216.78 tsubo) situated on a land plot of 359.33 sqm (approximately 108.69 tsubo). The property is located in a First Category Residential Zone within an urban planning area.

Critical agent notes provide essential details. The road access situation is detailed as follows: it is a corner lot with a 7.2m wide public road to the north, a total road frontage of 16.8m, no designated location, and a 5.4m wide road to the southeast. Further remarks specify that individual unit sizes range from 15.20 sqm to 103.13 sqm. The land is flat, and the ground rent is subject to annual revision. Prospective tenants are subject to screening by the landowner. The building is currently well-tenanted: 12 out of 13 residential units are occupied, and both of the 2 commercial units (a shop and a clinic) are leased. The property type is a whole-building apartment sale with a total of 15 dwelling units.

The property represents a stable investment with immediate rental income. Its location offers excellent connectivity, being just a 1-minute walk from Yutenji Station on the Tokyu Toyoko Line, providing direct access to Shibuya and Yokohama. The area of Meguro is known for its sophisticated, residential atmosphere with trendy cafes and boutique shops lining its streets. An interesting local fact is that the nearby Meguro River is famous for its stunning cherry blossom displays in spring, attracting visitors from across the city. A major landmark within easy reach is the iconic Tokyo Tower, a symbol of the city's post-war rebirth and a popular observation deck offering panoramic views.