For SaleWhole Low-rise Apartment Building

Lilie Funabashi Honcho

Honcho 3-chome, Funabashi-shi, Chiba
Asking Price
¥108,000,000
Est. Net Yield: 4.23%
Lilie Funabashi Honcho - 1/1
1 / 1

Executive Summary

This is an entire residential apartment building named Lilie Funabashi Honcho, a 2-story wooden structure built in January 2017, located in Honcho 3-chome, Funabashi-shi, Chiba. Transportation access includes a 4-minute walk from Daijingushita Station on the Keisei Electric Railway Main Line, an 11-minute walk from Keisei-Funabashi Station on the Keisei Electric Railway Main Line, and a 13-minute walk from Funabashi Station on the Sobu-Chuo Local Line. The building area is 157.6 sqm facing east, and it is equipped with city gas, separate bath and toilet, warm-water bidet toilet seat, air conditioning, and a video monitor intercom. The land area is 110.52 sqm (actual measurement) under ownership rights, situated in a Neighborhood Commercial Zone with a building-to-land ratio of 80% and a floor area ratio of 300%, fronting a 5.9 m wide public road on the east side and a 4 m wide public road on the south side. The property is currently tenanted, and handover is immediate.

Property Details

Building Area
157.6 ㎡
Structure
Wood
Built Year
2017
Floors
2 Floors
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥5,160,000
Transport
  • Daijingushita Station
    Keisei Main Line
    Walk 4 min
  • Keisei-Funabashi Station
    Keisei Main Line
    Walk 11 min
  • Funabashi Station
    JR Chuo-Sobu Line Local
    Walk 13 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Immediately

Land & legal restrictions

Land area
110.5 ㎡surveyed
Land rights
Freehold
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Neighborhood commercial zone
Building coverage / floor area ratio
80% / 300%
Road access
East side Public road 5.9 m wide 13.2 m frontage / South side Public road 4 m wide
Setback
None
Legal restrictions
道路計画あり

Costs besides the price

Parking
None

Building management

Total units
6 units

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer

Please confirm the details in the explanation of important matters before purchase.

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Within a published hazard area (expected flood depth 0.5–3 m)Rivers: 海老川、江戸川
Storm surge
Within a published hazard area (expected flood depth 3–5 m)
Tsunami
Within a published hazard area (expected flood depth 1–3 m)
Landslide
Not within a published hazard area
Liquefaction
Somewhat likely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization promotion area (designated for urban development)
Zoning (use district)
Neighborhood commercial zone
Floor area ratio · Building coverage ratio
Floor area ratio 300% · Building coverage ratio 80%
Fire protection district
Quasi-fire prevention district

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

大神宮下 (京成電鉄)
About 5,303 passengers per day (FY2023)About 270 m in a straight line
京成船橋 (京成電鉄)
About 88,095 passengers per day (FY2023)About 620 m in a straight line
船橋 (東日本旅客鉄道)
About 251,068 passengers per day (FY2023)About 740 m in a straight line
Nearest elementary school
船橋市立湊町小学校About 310 m in a straight line
Nearest junior high school
船橋市立湊中学校About 970 m in a straight line
Nearest high school
中山学園高等学校About 240 m in a straight line
Nearest university, junior college or technical college
東京医療保健大学About 1,930 m in a straight line
Nurseries and kindergartens
Within 500 m: 4 / within 1 km: 11
Nearest hospital (within 1 km)
医療法人弘仁会 板倉病院About 600 m in a straight line / Hospitals within 1 km: 1
Clinics
Within 500 m: 11

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 945 people
2050 (estimate)
about 888 people (-6% vs 2025)
Share aged 65 and over
27.1% → 30.3% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Commercial land · about 323 m
¥644,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+9.5% vs last year)
Residential land · about 376 m
¥468,000/㎡Prefectural land price survey · 7/1/2026 (+8.3% vs last year)
Residential land · about 377 m
¥450,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+7.9% vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/14/2026

Location & Map

Investment Analysis

Gross Yield4.78%
Est. Net Yield4.23%

Based on the rent under the current lease.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
4.78%
Est. Net Yield
4.23%
If sold after 10 years (before tax)
Annual return (IRR)
3.4%
Net gain
+¥37,770,000
Gain on total investment +32.8%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥108,000,000+¥4,880,000¥-6,110,000-5.3%-5.3%
2yr¥108,000,000+¥9,750,000¥-1,240,000-1.1%-0.5%
3yr¥108,000,000+¥14,630,000+¥3,640,000+3.2%1.1%
4yr¥108,000,000+¥19,500,000+¥8,510,000+7.4%1.9%
5yr¥108,000,000+¥24,380,000+¥13,390,000+11.6%2.4%
6yr¥108,000,000+¥29,260,000+¥18,270,000+15.8%2.7%
7yr¥108,000,000+¥34,130,000+¥23,140,000+20.1%3.0%
8yr¥108,000,000+¥39,010,000+¥28,020,000+24.3%3.2%
9yr¥108,000,000+¥43,890,000+¥32,900,000+28.5%3.3%
10yr¥108,000,000+¥48,760,000+¥37,770,000+32.8%3.4%

Assumptions

  • Total investment ¥115,300,000 (price ¥108,000,000 + purchase costs ¥7,300,000)
  • No management fee or repair reserve (you own the whole building)
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥7,300,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥3,630,000
Real Estate Acquisition Tax (est., rate varies by property type)¥1,940,000
Registration License Tax (title transfer)¥970,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥700,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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