Investment-Grade Studio Apartment in Tokyo's Arakawa Ward
This studio apartment, located on the 10th floor of the 10-story "High Life Nippori" building, presents a solid investment opportunity in a highly accessible part of Tokyo. The property is currently tenanted, generating a projected annual rental income of 1.74 million yen, which translates to an attractive yield of approximately 5.12%. The unit features a private area of 42.21 square meters (approx. 12.76 tsubo) with a layout designated as a one-room (ワンルーム).
Key equipment and features of the apartment include a dedicated toilet, separate bath and toilet, washroom with vanity, gas kitchen, indoor space for a washing machine, monitor-equipped intercom, and an elevator. The unit is a corner room on the top floor, offering two-sided natural light, excellent views, and good ventilation. The building exterior is tile-clad, and the location allows for convenient access to two different train lines. The land is flat, and the property is suitable for office use, with an owner change in progress.
Monthly running costs consist of a management fee of 10,340 yen and a standard repair reserve fund of 3,120 yen. A special repair reserve fund of 10,330 yen per month is also noted. The building is a steel-reinforced concrete (SRC) structure built in May 1977 and is managed by a condominium association with daily on-site management, fully outsourced to Facility Partners.
The apartment is situated in the bustling Arakawa Ward, within a three-minute walk from the major JR Yamanote Line station, Nippori Station. This area is a major transportation hub, famously known as a paradise for fabric and craft enthusiasts, with the sprawling "Nippori Fabric Town" nearby. The station itself provides direct access to iconic districts like Ueno, home to Ueno Park, the Tokyo National Museum, and Ueno Zoo, making it a cultural and recreational gateway for residents.
