For SaleCondominium

Gloria Hatsuho Koiwa

Nishi-Koiwa 2-chome, Edogawa-ku, Tokyo
  • Office use allowed
Asking Price
¥13,800,000
Est. Net Yield: 4.58%
Gloria Hatsuho Koiwa - 1/8
1 / 8

Executive Summary

This 8-story reinforced concrete (RC) condominium built in March 1987 is located in Nishi-Koiwa 2-chome, Edogawa-ku, Tokyo. Transportation access includes a 7-minute walk from Koiwa Station on the Sobu/Chuo Local Line and a 20-minute walk from Keisei Koiwa Station on the Keisei Electric Railway Main Line. The unit is a south-facing 1K located on the 2nd floor, featuring a floor area of 21.1 ㎡ and a balcony area of 3.03 ㎡, and it can also be used as an office. Common facilities include an elevator, and the unit is equipped with an induction cooktop and an indoor washing machine space. Land rights are ownership, and the zoning is Commercial Zone. The current status is vacant, with delivery timing negotiable. Nearby facilities include commercial facilities 152 m away (a 2-minute walk), a post office 336 m away (a 5-minute walk), and dining establishments 581 m away (an 8-minute walk).

Property Details

Building Area
21.1 ㎡
Layout
1K
Studio with separate kitchen
Structure
RC
Built Year
1987
Floors
Floor 2 of 8
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥840,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
330.6 ㎡
Land rights
Freehold
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
株式会社グローリア
Total units
56 units

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

Location & Map

Investment Analysis

Est. Gross Yield6.09%
Est. Net Yield4.58%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
6.09%
Est. Net Yield
4.58%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥14,010,000+¥630,000¥840,0005.7%-1.2%
2yr¥14,220,000+¥1,260,000¥1,680,00011.3%2.2%
3yr¥14,430,000+¥1,900,000¥2,530,00017%3.4%
4yr¥14,650,000+¥2,530,000¥3,380,00022.8%4%
5yr¥14,870,000+¥3,160,000¥4,230,00028.5%4.3%
6yr¥15,090,000+¥3,790,000¥5,080,00034.3%4.5%
7yr¥15,320,000+¥4,430,000¥5,940,00040.1%4.7%
8yr¥15,550,000+¥5,060,000¥6,800,00045.9%4.8%
9yr¥15,780,000+¥5,690,000¥7,670,00051.7%4.9%
10yr¥16,020,000+¥6,320,000¥8,540,00057.6%4.9%

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.)
¥1,021,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥521,400
Real Estate Acquisition Tax (est., rate varies by property type)¥240,000
Registration License Tax (title transfer)¥120,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥130,000

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

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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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