For SaleCondominium

Tateishi Minami House

Higashiyotsugi 2-chome, Katsushika-ku, Tokyo
  • Pets negotiable
Asking Price
¥12,500,000
Est. Net Yield: 9.92%
Tateishi Minami House - 1/1
1 / 1

Executive Summary

Tateishi Minami House is a 9-story steel reinforced concrete (SRC) condominium built in June 1984, located in Higashiyotsugi 2-chome, Katsushika-ku, Tokyo. Access is a 13-minute walk from Yotsugi Station on the Keisei Oshiage Line and a 14-minute walk from Keisei Tateishi Station on the same line. The unit is located on the 8th floor facing south, featuring a 2DK layout with a floor area of 49.5 sqm and a balcony area of 8.4 sqm. Main equipment includes an auto-lock system, elevator, independent kitchen, air conditioner, and indoor washing machine space. Land rights are ownership, and the zoning is Industrial Zone. The property is currently tenanted under an uncancelable sublease contract, and handover timing is negotiable.

Property Details

Building Area
49.5 ㎡
Layout
2DK
2 bedrooms + dining kitchen
Structure
SRC
Built Year
1984
Floors
Floor 8 of 9
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,530,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
3,769.7 ㎡
Land rights
Freehold
Zoning
Industrial zone

Building management

Management type
Fully outsourced
Building manager
Live-in
Total units
132 units

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

Location & Map

Investment Analysis

Est. Gross Yield12.24%
Est. Net Yield9.92%

This property is currently leased, but the current rent is not available, so this figure is estimated from market rents. The actual current rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
12.24%
Est. Net Yield
9.92%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥12,690,000+¥1,240,000¥1,430,00010.6%3.6%
2yr¥12,880,000+¥2,480,000¥2,860,00021.3%7.2%
3yr¥13,070,000+¥3,720,000¥4,290,00031.9%8.4%
4yr¥13,270,000+¥4,960,000¥5,730,00042.6%8.9%
5yr¥13,470,000+¥6,200,000¥7,160,00053.3%9.3%
6yr¥13,670,000+¥7,440,000¥8,610,00064%9.4%
7yr¥13,870,000+¥8,680,000¥10,050,00074.8%9.6%
8yr¥14,080,000+¥9,920,000¥11,500,00085.6%9.6%
9yr¥14,290,000+¥11,160,000¥12,950,00096.4%9.7%
10yr¥14,510,000+¥12,400,000¥14,400,000107.2%9.7%

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.)
¥938,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥478,500
Real Estate Acquisition Tax (est., rate varies by property type)¥220,000
Registration License Tax (title transfer)¥110,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥120,000

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

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Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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