Investment-Grade 1K Apartment in Nerima, Tokyo
This is a 22.05 sqm (approximately 6.67 tsubo) 1K apartment for sale, located on the 3rd floor of a 4-storey reinforced concrete (RC) building constructed in February 1991. The property is currently tenanted, providing immediate rental income, with an estimated annual yield of 6.4% and projected annual rental revenue of 672,000 yen. The monthly costs include a management fee of 8,500 yen and a repair reserve fund of 5,220 yen.
Key equipment and features of the apartment include ample storage space, a closet, air conditioning, Cable TV (CATV) wiring already installed, an indoor space for a washing machine, a security camera, a water heater, a free-of-charge bicycle parking area, and a paid motorcycle parking space available for 3,000 yen per month. The building itself is a 33-unit condominium with fully outsourced, patrol-based management.
The location offers excellent multi-line access, being an 11-minute walk from Shin-Egota Station on the Toei Oedo Line, a 13-minute walk from Sakura-dai Station on the Seibu Ikebukuro Line, and a 14-minute walk from Nerima Station on the Toei Oedo Line. The area benefits from stable demand from single occupants, partly due to the proximity to institutions like Musashino Music University and Nihon University College of Art. This makes it a sound investment property with good potential for future resale. The immediate neighborhood is well-serviced with convenience stores, supermarkets, and various dining options.
