Investment-Grade Studio Apartment in Tokyo's Suginami Ward

This compact studio apartment, located in the sought-after Suginami Ward of Tokyo, presents a compelling investment opportunity. Priced at 12 million yen, the property is currently tenanted, generating a projected annual rental income of 744,000 yen and an estimated yield of 6.2%. The unit is situated on the 1st floor of a 4-story reinforced concrete (RC) building constructed in February 1992. The apartment features a wall-core exclusive area of 16 sqm (approximately 4.84 tsubo) and includes a 2.75 sqm balcony with a southeast-facing exposure for good natural light.

Key equipment and features of the property include an auto-lock building entrance system and the convenience of being able to take out garbage at any time. The interior has undergone renovation, with all wallpaper replaced, the kitchen and bathroom faucets and showerheads exchanged for thermostat-type models, the toilet seat replaced, and kitchen storage and shelf boards renewed. The building is managed by Toshin Community under a fully contracted, patrol-based management system and comes with defect insurance. The current tenant is a male in his 30s.

The location is highly convenient, just a 3-minute walk from both JR Sobu and Chuo Main Line's Asagaya Station and the Tokyo Metro Marunouchi Line's Minami-Asagaya Station. The area of Asagaya is known for its relaxed, residential atmosphere with a vibrant shotengai (shopping street) and a strong jazz culture, hosting an annual jazz festival. For a major landmark, the historic Ghibli Museum, celebrating the works of Studio Ghibli, is located a short train ride away in Mitaka.