Omotesando Shared Residence Shibuya, Tokyo
|Address||5-18-2 Jingumae, Shibuya, Tokyo|
|Total Floors||3 stories|
|Nearest station||Meiji-jingumae (Harajuku) (5 min.)|
A rare investment property nestled in the heart of OmoteSando. A wood-frame 3 story structure holds 17 units with 5 sub-leased out for female-only shared housing. Private rooms with shared kitchens and baths, the property gross yields 5.5% when rented out with 100% occupancy. Built in 2009, the property is steps within a 10 minute walk from three brand name stations: MeijiJingu-Mae / Harajuku, OmoteSando and Shibuya stations. Also, an easy walk to Cat Street, the trendiest street in Tokyo that runs between OmoteSando and Shibuya stations.
A perfect investment property for those looking to take advantage of wood-frame depreciation to offset tax burdens on other earned income while at the same time enjoying very aggressive land appreciation given the Jingumae address.
For more information on this property, please contact us.