Central Tokyo Investment Apartment in Vibrant Shinkawa

This is a well-positioned investment apartment located in the bustling commercial district of Shinkawa, Chuo Ward, Tokyo. The property is a 1DK unit on the 3rd floor of a 12-story SRC (steel-framed reinforced concrete) condominium built in October 1982. With a wall-core exclusive area of 34.65 sqm (approximately 10.48 tsubo), the apartment features a southwest-facing orientation for primary sunlight. The unit is currently tenanted, providing an immediate rental income stream, with projected annual rental revenue of 1,560,000 yen and an estimated gross yield of 4.67%.

Key equipment and features of the property include a 2-burner stove, ample storage space, an indoor laundry machine area, and flooring throughout all living spaces. Special notes indicate an owner change is scheduled for the year, and the transaction method is agency. The building is fully entrusted for management with a management association present but no live-in superintendent; the management company is Globe Ship Co., Ltd. Additional costs include a monthly management fee of 10,430 yen and a repair reserve fund of 3,320 yen. A one-time membership fee of 200 yen is also applicable.

The Shinkawa area is a dynamic mix of business and residential life, historically part of Tokyo's water transportation network with many canals. It offers excellent convenience, with multiple convenience stores like Natural Lawson and Family Mart within a 2-minute walk. The property boasts superb access to public transport, being just a 6-minute walk from JR Keiyo Line's Hatchobori Station and a 7-minute walk from the Tokyo Metro Hibiya Line station of the same name. A short stroll will also bring you to the iconic Tsukiji Outer Market, a world-famous destination for fresh seafood and traditional Japanese food stalls, where you can experience the vibrant energy of old Tokyo.