Renovated 5K House in Nerima-ku with Tenant Income

This two-storey wooden house, located in the Minami-Oizumi 2-chome area of Nerima-ku, Tokyo, offers a 5K layout with a total floor area of 108.47 square meters. The property sits on a 103 square meter plot of land with ownership rights. The building was constructed in June 1994 and has undergone recent renovations to enhance its living quality.

In 2024, the interior and exterior were renovated, including new kitchen, bathroom, toilet, and washstand fixtures, as well as new wall and ceiling coverings and flooring throughout all rooms. A seismic reinforcement project was also completed in 2020, providing additional structural safety. The property is situated on flat land and faces a 4.5-meter public road to the west.

The property is currently tenanted, generating an estimated annual income of 2,160,000 yen, which equates to a gross yield of approximately 4.02%. It is important to note that the current building exceeds the designated floor area ratio, meaning that if the building is replaced, a structure of the same size cannot be constructed. Additionally, the pathway on the north side is a passageway and is not considered a road under the Building Standards Act. The property is located in a Category 1 Low-Rise Residential Zone with a building coverage ratio of 50% and a floor area ratio of 100%.

The house features a gas stove with three burners, a separate washstand, two or more toilets, an indoor washing machine space, air conditioning, flooring, a south-facing balcony, and a TV monitor intercom. Utilities include public water, city gas, and a sewer system. The property is within walking distance of several train stations, including Higashi-Fushimi Station and Musashi-Seki Station on the Seibu Shinjuku Line, each about a 15-minute walk away.