Selected images and diagrams are reproduced from materials provided through the listing partner.
Yuha Court Ukima-Funado is a light-gauge steel-framed, three-storey apartment building of 15 residences at 2-20-21 Funado in Itabashi Ward, completed in February 2007. The building has a total floor area of 298.11 sq m on a registered land area of 284.20 sq m with no private road burden, held freehold, and the whole building is offered in a single transaction.
The building is sold with its tenancies in place. The listing material records a projected annual rent of JPY 13,200,000 and an indicative gross yield of 5.50% against the asking price. The purchaser acquires the property subject to the existing residential tenancies and succeeds to the relevant landlord rights and obligations at closing, subject to confirmation of the tenancy documents.
The listing material records an auto-lock entrance, a delivery box, an internal corridor and free bicycle parking. The floor plans show five residences on each of the three floors. The site is level and fronts a 7.6 m public road to the north in a Category I Residential zone. The rent roll, the individual unit areas, the management arrangement and the maintenance record are confirmed on enquiry.
| Property Type | Tenanted Apartment Building |
|---|---|
| Asking Price | JPY 240,000,000 |
| Address | 2-20-21 Funado, Itabashi-ku, Tokyo |
| Nearest Station | Ukima-Funado Station (JR Saikyo Line) |
| Walking Distance | Approx. 4 min |
| Number of Units | 15 Units |
| Building Area | 298.11 sq m (total floor area) |
| Land Area | 284.20 sq m (registered), no private road burden |
| Building Height | 3 Storeys |
| Building Structure | Light-Gauge Steel Frame |
| Year Built | February 2007 |
| Tenure | Freehold Ownership |
| Zoning | Category I Residential |
| Road Frontage | North, 7.6 m public road |
| Parking | Bicycle parking free of charge; no car parking recorded |
| Occupancy | Currently Tenanted |
| Handover | By consultation |
| Listing Type | Partner Listing |
Land area is the figure recorded on the public register and the floor area is from the listing material; both remain subject to verification. The source records no building coverage ratio, floor area ratio or constructor, so none is stated here.
The annual rent and the yield are the projected figures stated in the listing material. The yield is a gross figure against the asking price and takes no account of management fees, taxes, insurance, repairs or vacancy.
The listing material states a total floor area of 298.11 sq m across the 15 residences and does not state the area of an individual residence; unit areas and the rent roll are confirmed on enquiry.
The rent roll, individual lease terms, deposits and current occupancy remain subject to the tenancy documents.
The building stands at 2-20-21 Funado in Itabashi Ward, on the north-western edge of Tokyo's 23 wards beside the Arakawa river. The listing material records Ukima-Funado Station on the JR Saikyo Line at approximately four minutes on foot.
The Saikyo Line runs south through Akabane, Ikebukuro, Shinjuku, Shibuya and Osaki, with through-services onto the Rinkai Line toward Odaiba, and north into Saitama. A four-minute walk to a line that reaches three of Tokyo's largest interchanges without a change is the practical support for letting small units here. Journey times vary with the service and any changes, so none are stated here.
Funado is a quiet district of housing, small factories and riverside parkland, with Ukima Park and the Arakawa embankment close by and everyday shopping around the station. Akabane, one stop away, provides a much wider range of shops and restaurants.
The map indicates the location of Yuha Court Ukima-Funado. The walking time above is as stated in the listing material.
Open in Google MapsRents for compact rental units and land prices in this part of Tokyo have both been rising.
In the At Home – Sumitomo Mitsui Trust Research Institute Mansion Rent Index for Q1 2026, the single-type index for Tokyo’s 23 wards — units of 18 to under 30 sq m, the band that matches the compact residences in a building of this kind — stood at 133.98 against a 2009 base of 100, approximately 8.1% higher than a year earlier.
In the Reiwa 8 (2026) Official Land Price Survey, residential land in Itabashi Ward rose 8.5% on the previous year, and the all-use average for the ward rose 9.7%. The Ministry of Land, Infrastructure, Transport and Tourism’s Real Estate Price Index puts condominium prices in Tokyo at 234.8 for December 2025 against a 2010 average of 100 — a rise of approximately 9.6% on the same month a year earlier.
These figures describe Tokyo’s 23 wards, Itabashi Ward and Tokyo as a whole, not this individual property. The rent index and the price index both cover condominium-type buildings rather than light-gauge steel apartment buildings such as this one, and neither is specific to this address; the land figure is an average across all official reference points in the ward and is not an appraisal of this site. None of them guarantees future rent, occupancy, value or performance.
Sources:
Four minutes to a JR Saikyo Line station is the whole case for this building. From Ukima-Funado a tenant reaches Ikebukuro, Shinjuku and Shibuya without changing trains, and Akabane is one stop away. For fifteen compact residences that is what keeps them occupied, and occupancy is what a yield of this kind depends on.
At 5.50% gross this is the highest indicative yield among the properties listed here, and the reason is straightforward: Itabashi is an outer ward and the building is light-gauge steel rather than reinforced concrete. What is unusual for its size is the specification — an auto-lock entrance, a delivery box and an internal corridor are the things that let a small building compete with newer stock nearby.
The building was completed in February 2007, so it is at the age where the structural condition, the exterior finish and the maintenance record matter more than the headline yield. The rent roll, unit-by-unit occupancy and the management arrangement are the first documents to ask for, and all can be confirmed on enquiry. Itabashi Ward recorded an 8.5% rise in residential land prices this year.
This property is introduced through a Japanese real estate partner. Availability, price and property details remain subject to confirmation at the time of enquiry.
