Apartment Investment Opportunity in Mitaka, Tokyo
This property is a six-unit wooden apartment building located in the quiet residential neighborhood of Jindaiji 2-chome, Mitaka City, Tokyo. Constructed in July 1997, the building spans two stories with a total floor area of 112.26 sqm (approximately 33.95 tsubo) on a land plot of 124.36 sqm (approximately 37.61 tsubo). The property is currently fully tenanted, and prospective buyers will need to assume the existing lease agreements.
Critical agent notes provide essential details for investors. The road access details specify a single-sided road to the north, which is a public road with a width of 4 meters and a frontage of 8.6 meters; there is no designated position. A crucial remark (B21928-000945) states that the exclusive area per unit ranges from 18.00 sqm to 18.00 sqm. Most importantly, the note clarifies that the current building exceeds the legally stipulated building coverage and floor area ratios. Consequently, if the existing structure is demolished, it will not be possible to rebuild a building of the same scale on this plot, which is a vital consideration for future redevelopment plans.
The property is situated in a Category I Low-Rise Exclusive Residential Zone within an urbanization promotion area. It is approximately a 21-minute walk from Musashisakai Station on the JR Chuo Main Line, providing access to central Tokyo. The area is renowned for its serene atmosphere and proximity to the historic Jindaiji Temple, a famous Buddhist temple known for its beautiful grounds and soba noodles. This location offers a unique blend of traditional culture and convenient city living, making it an attractive area for residents and a stable rental market for investors.
