Spacious 3LDK Apartment in Serene Setagaya with Investment Potential

This well-maintained 3LDK apartment is located in the quiet residential neighborhood of Matsubara, Setagaya Ward, Tokyo. The property offers a generous private floor area of 71.3 sqm (approximately 21.56 tsubo) and features a south-facing balcony of 3.2 sqm, ensuring excellent natural light. Built in March 1983, this reinforced concrete (RC) building spans three stories, with this unit situated on the first floor. The monthly running costs include a management fee of 11,200 yen and a repair reserve fund of 22,730 yen.

Translated agent notes highlight key features and investment potential. The property boasts a highly convenient location with stable rental demand. There is room for potential rent increases. It offers access to two train lines, the Keio Line and the Inokashira Line, with stations just an 8-minute walk away, representing an excellent location. An increase in asset value is expected for the Matsubara area of Setagaya Ward due to several ongoing and planned developments: the Urban Planning Road (Radial Route 23) project, the Keio Line elevated railway project, and Setagaya Ward sports facility plans. The projected annual income is 2.04 million yen with a gross yield of 2.72%. The building, constructed in 1983, is in good management condition. The transaction type is exclusive dedicated agency.