Investment Opportunity: Spacious 2DK Apartment in Itabashi, Tokyo
This property presents a compelling investment opportunity in Tokyo's Itabashi Ward. The apartment is a 2DK layout with two Japanese-style rooms (6-tatami and 3-tatami), offering a functional living space with a total wall-core area of 25.9 sqm (approximately 7.83 tsubo). Located on the 2nd floor of a 5-story reinforced concrete (RC) building constructed in September 1970, the unit benefits from a south-facing primary exposure for ample sunlight.
Key property features and equipment, as detailed in the agent notes, include a 2-burner stove, ample storage space with closets in all rooms, CATV and fiber-optic internet readiness, a designated washing machine area, and city gas. The building complex offers a paid bicycle parking lot (annual fee of 2,400 yen for adults, subject to availability). Special notes indicate that pets are not allowed and there is no elevator. A detailed repair history is provided: a major renovation was completed in May 2014, followed by roof water pipe repairs in July 2015, roof waterproofing renewal in November 2016, and buried gas pipe renewal in December 2019.
The location is highly convenient, within a 7-minute walk from Kamitabashi Station on the Tobu Tojo Line, providing quick access to Ikebukuro via express train. The immediate neighborhood offers excellent daily amenities, with convenience stores, supermarkets, and parks nearby, ensuring a comfortable living environment. For investors, the property is currently tenanted, with an estimated annual rental income of 780,000 yen, yielding a surface return of approximately 9.06%.
The surrounding area of Itabashi is a well-established residential district with a rich history. An interesting local fact is that the ward is home to the Itabashi History Park, which preserves ancient burial mounds (kofun) from the 6th and 7th centuries, offering a glimpse into Tokyo's distant past. The closest major tourist attraction is the historic and stunning Rikugien Garden in nearby Bunkyo Ward, a classic example of an Edo-period strolling garden renowned for its seasonal beauty, accessible via the Tobu Tojo Line and other train connections.
