Renovated Investment Condominium in Tokyo's Yoyogi
This property is a 2DK condominium unit located on the 3rd floor of a 5-story (with 1 basement) reinforced concrete building in Yoyogi 2-chome, Shibuya Ward, Tokyo. The unit has a wall-core exclusive area of 54.74 sqm (approximately 16.55 tsubo) and was originally built in October 1977. It underwent a comprehensive interior renovation in July 2017, which included a full re-wallpapering of all rooms and a complete renewal of the kitchen, bathroom, toilet, washbasin area, and water heater.
Key equipment and features include a system kitchen, dishwasher/dryer, heated toilet seat with bidet function, bath with auto-fill and reheat function, bathroom dryer, ample storage space and closets, air conditioning, a dedicated indoor laundry area, flooring in all rooms, lighting fixtures, and access to building amenities including two or more elevators and a bicycle parking area. The building exterior features tile siding. A notable point is that this is an owner-change property, currently under lease management by the listing agency. The monthly rent is 193,800 yen, with an estimated annual rental income of 2,325,600 yen and an estimated annual yield of 3.57%.
The location offers excellent access, being just an 8-minute walk from JR Yamanote Line's Yoyogi Station, a 4-minute walk from Odakyu Electric Railway's Minami-Shinjuku Station, and a 10-minute walk from the massive Shinjuku Station. The area is a vibrant mix of residential and commercial zones, known for its proximity to the expansive Shinjuku Gyoen National Garden, a former imperial garden that beautifully blends traditional Japanese, English landscape, and French formal garden styles. The neighborhood is well-serviced with convenience stores like FamilyMart and Lawson, supermarkets such as Maruman Store, and shopping facilities like Keio Mall Annex.
