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Income-Generating Property Renovation Business

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Income-Generating Property Renovation Business

TAS Meguro Mita Residence

We acquired a rental apartment building built in 1972 which is located about a 10 minute walk from “Ebisu” Station, JR Yamanote Line/Tokyo Metro Hibiya Line or “Meguro” Station of JR Yamanote Line/Tokyo Metro Nanboku Line.

It was originally an old-type earthquake resistant building that does not comply with current seismic standards, but we carried out seismic strengthening work and acquired a certificate of seismic standards compliance.

In addition, we realized improvement in the property value by greatly remodeling the common use space and vacant rooms under the supervision of Tokyo R Real Estate.
 
Location: 2 Mita, Meguro-ku, Tokyo
Rental Area: 553.72m2
Traffic: About a 10 minute walk from “Meguro” Station or about a 12 minute walk from “Ebisu” Station, JR Yamanote Line
Type of Property: Apartment
Construction: Flat-roofed, six-story building of reinforced concrete
Date of Completion: June 1972
Business Form: Operation by lease

TAS Azabudai Residence

We acquired an apartment building in 2016 as income-generating property which is located at “Azabudai, Minato-ku,” one of the high-class residential areas in Tokyo. 

We carried out seismic strengthening work and large-scale repair work for individual ownership space and common use space making every effort to provide a secure environment to all tenants and increase asset value.
 
Location: 3 Azabudai, Minato-ku, Tokyo
Rental Area: 696.61m2
Traffic: About a 6 minute walk from “Azabu-Juban” Station, Tokyo Metro Nanboku Line/Metropolitan Subway Oedo Line
Type of Property: Store, residential house
Construction: Flat-roofed, seven-story building of reinforced concrete
Date of Completion: October 1977
Business Form: Operation by lease

TAS Sakuragawa Residence

We acquired an apartment building with 28 units as income-generating property which is located an 8 minute walk from “Kamiitabashi” Station on the Tobu Tojo Line.
 
After large-scale renovations, the building was considered to be in good condition and well-managed, but we decided to have further improvements carried out under the supervision of a design company. With the introduction of an auto-lock door at the common entrance and further repair work including building exteriors such as planting, etc., which had not been sufficiently maintained, we will strive to maintain and upgrade a comfortable living environment.
 
Location: 2 Sakuragawa, Itabashi-ku, Tokyo
Rental Area: 1,566.59m2
Traffic: About a 8 minute walk from “Kamiitabashi” Station, Tobu Tojo Line
Type of Property: Apartment
Construction: Flat-roofed, four-story building of reinforced concrete
Date of Completion: October 1988
Business Form: Operation by lease