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.
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%