Wednesday, September 30th, 2009
Dear International Investors,
I went to survey a high-yield apartment building in http://blog.realestate-minato.com/develop-your-leadership/ which is a growing, popular satellite city west of Tokyo.
Its specs are as follows:
Type: apartment building for investment
Price: 208,000,000 yen
Annual Income: 25,080,000 yen
Location: Mure, Mitaka City, Tokyo (15-min walk to http://blog.realestate-minato.com/mla-style-guide/(http://blog.realestate-minato.com/apa-writing/))
Land: 436.51 sq. meters
Floor area: 723.45 sq. meters
Structure: steel / 4 stories
Current operation rate: 100% or 23/23
Unlike the center of Tokyo where open field and space is scarce, there is plenty of openness in Mitaka and surrounding cities, such as, Musashino City, Chofu City, and Fuchu City. Agricultural land and greenery are common in these new cities. Mitaka and other suburban cities west of Tokyo are largely residential and still growing in population mainly because of their desirable environments for residence. Also, there are many famous private and public universities and colleges in this part of Tokyo.
Mitaka is conveniently connected to Shinjuku, Tokyo, and other major JR stations in Tokyo by JR Chuo Line. It is about 30 mins from Tokyo to Mitaka. Kichijoji of Musashino City is adjacent to Mitaka City. It has been the most popular town among Japanese families in Tokyo for many years.