Compact Investment Apartment in Serene Setagaya
This studio apartment, located in the quiet residential neighborhood of Uenoge, Setagaya Ward, Tokyo, presents a practical investment opportunity. The property is a one-room unit on the first floor of a 4-story reinforced concrete (RC) condominium building constructed in October 1983, meeting the new earthquake-resistant standards. The building features a tiled exterior and is well-maintained, with clean common areas including the entrance. The unit itself has a wall-core exclusive area of 13.51 sqm (approximately 4.08 tsubo) and benefits from a southeast-facing orientation, providing good natural light.
Key features and equipment notes include the building's tiled exterior, new earthquake-resistant construction, and a security camera system for safety. The location offers excellent access convenience, being just a 6-minute walk from the Tokyu Oimachi Line's Uenoge Station. From there, it's a quick 2-minute train ride to Futako-Tamagawa and 7 minutes to the fashionable hub of Jiyugaoka. The property is currently tenanted, with an estimated annual rental income of 576,000 yen and a projected yield of 7.29%. The transaction is handled as an intermediary (management code 007). Please note that floor plans prioritize the current layout.
The area of Uenoge is known for its peaceful, leafy streets, offering a respite from the busier parts of Tokyo. An interesting local fact is its proximity to Tama Art University's Uenoge Campus, contributing to a subtle creative atmosphere. The closest major landmark is the expansive and modern Futako-Tamagawa Rise shopping and entertainment complex, easily accessible via a short train ride, offering high-end shopping, dining, and riverside parks.
