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an investment apartment building in Ichikawa 2

Monday, August 10th, 2009

Dear international investors,

I saw another investment apartment building in Ichikawa, after viewing the 290,000,000-yen apartment building. Ichikawa is a poplular residential area adjacent to Tokyo’s Edogawa-ku.

Just like other major satellite cities of Tokyo (e.g. Kawasaki, Saitama, Omiya, Kawaguchi, Funabashi, and Chiba) which generally provide better real-estate investment opportunities than the center of Tokyo in terms of yield, Ichikawa offers high-yield real estate investment opportunities and you can obtain a net yield as high as 8% with this particular apartment building.

I hope that this article will motivate you to consider Tokyo’s surroundings for real-estate investment.

view of an investment apartment building in Ichikawa

Specifications are as follows:

Price: approx. 500,000,000 yen

Location: Tomihama, Ichikawa

Transportation: 9-min walk to Myoden station (Tokyo Metro Tozai Line)

Structure: RC / 6 stories

Built in: 1988

Land: 954,31 sq. meters

Total Floor Area: 1,870,64 sq. meters

Land Restrictions: 60% (land) & 200% (FAR)

Monthly revenue: approx. 45,000,000 yen

Yield (gross): 9.05%

Yield (net): 8.27%

view from an 500,000,000-yen apartment building in Ichikawa

view from an apartment building in Ichikawa

corridor of apartment building in Ichikawa

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an investment apartment building in Ichikawa

Monday, August 10th, 2009

Dear international investors,

I saw an about-290,000,000-yen apartment building in Ichikawa on the other day. Ichikawa is a Tokyo’s satellite city with a high population growth. As of August 1st, 2009, Ichikawa’s population is 219,279.

You may think that Ichikawa is far from Tokyo. But it is conveniently connected to central parts of Tokyo. For example, from Tokyo station to Ichikawa is only 18 mins by JR; from Nihombashi station to Minamigiyotoku station 19 mins by Metro Tozai Line.

Moreover, Minamigyotoku station is just one stop from Urayasu station which is a gateway to Tokyo Disney Land which has been commercially successful and been very popular not only among Japanese families but also among international tourists.