Compact Investment Condominium in Tokyo's Prestigious Azabu Area
This property is a 1K layout condominium for sale, located in the highly desirable Azabu district of Minato Ward, Tokyo. The apartment is situated on the 3rd floor of a 4-story reinforced concrete (RC) building constructed in November 1978. The exclusive floor area is 19.04 sqm (approximately 5.75 tsubo). The monthly running costs include a management fee of 8,340 yen and a repair reserve fund of 1,420 yen. A special reserve fund of 8,050 yen per month is also applicable.
Translated from the agent's notes: The property is currently tenanted, with an owner change planned. The annual projected rental income is 948,000 yen, yielding an annual projected return of 5.57%. The building has a total of 15 units. The management is fully outsourced with a patrol-based superintendent system. The property comes with an inspection report, defect warranty, and performance evaluation. The land use zone is a neighborhood commercial district. The transaction form is seller's agent.
