Compact Investment Apartment in Hino, Tokyo
This property is a studio apartment (One Room) located on the 3rd floor of a 5-story reinforced concrete (RC) apartment building constructed in February 1992. The unit offers a compact living space with a wall-core exclusive area of 17.75 sqm (approximately 5.36 tsubo) and includes a 2.3 sqm balcony facing east for natural light. The building is equipped with modern amenities including an IH cooking heater, air conditioning, an indoor space for a washing machine, an auto-lock security system, an elevator, and dedicated parking for bicycles and motorbikes. Please note that a car parking space is not available. The property is currently tenanted, ensuring immediate rental income.
The annual projected rental income is 408,000 yen, yielding an attractive gross yield of 9.06%. The monthly running costs include a management fee of 8,900 yen and a repair reserve fund of 3,580 yen. The transaction is handled by an agent, and the property is under an owner-change scenario. Pet ownership is negotiable with the landlord. The building is managed by a homeowners' association with full outsourcing and periodic patrols. An inspection, defect insurance, and performance evaluation are in place for added security.
The apartment is situated in Hino City, Tokyo, a family-friendly area known for its balance of urban convenience and residential calm. An interesting local fact is that Hino is home to the Tama Zoological Park, one of Japan's most famous and expansive zoos, which attracts visitors from across the region. The property offers excellent access to central Tokyo via the JR Chuo Main Line, with Hino Station a 14-minute walk away, and the Tama Monorail's Koshu Kaido Station within a 13-minute walk.
