Compact Investment Apartment in Katsushika, Tokyo
This property is a one-room apartment located on the 4th floor of a 10-story reinforced concrete (RC) building named "Arteheim Koiwa 406" in Katsushika Ward, Tokyo. Built in October 1988 under the new earthquake-resistant standards, the unit offers a compact yet functional living space with a private area of 18.22 sqm (approximately 5.51 tsubo). The apartment is currently tenanted, ensuring immediate rental income for an investor. The annual projected rental income is 660,000 yen, yielding a surface return of 7.5%.
The building is well-managed by Apollo Building Service Co., Ltd., with a fully outsourced, patrol-based management system. The condominium complex comprises 55 units and was constructed by Taisei Corporation. Key equipment and features of the property include ample storage space, closets in all rooms, an indoor washing machine area, flooring throughout all rooms, city gas, and an elevator. Additional running costs include a monthly cable broadcast viewing fee of 1,000 yen. The property comes with defect insurance and a performance evaluation. The land is designated for neighborhood commercial use under the National Land Use Planning Act.
The Katsushika area offers a more relaxed side of Tokyo, known for its traditional shitamachi (downtown) atmosphere and extensive water networks. A notable nearby landmark is the historic Shibamata Taishakuten Temple, famous for its detailed wooden carvings and as the setting for the beloved Japanese film series "Otoko wa Tsurai yo" (It's Tough Being a Man). The property provides access to several train stations, including Koiva Station (18-minute walk), Aoto Station (23-minute walk), and Kyo-ritsuishi Station (21-minute walk), connecting residents to central Tokyo.
