For SaleCondominium

Hikifune Mansion

Kyojima 1-chome, Sumida-ku, Tokyo
Asking Price
¥10,800,000
Est. Net Yield: 6.77%
Hikifune Mansion - 1/1
1 / 1

Executive Summary

This is Hikifune Mansion, a 5-story reinforced concrete (RC) apartment building constructed in June 1974, located in Kyojima 1-chome, Sumida-ku, Tokyo. It is located a 4-minute walk from Keisei-Hikifune Station on the Keisei Oshiage Line, a 7-minute walk from Hikifune Station on the Tobu Isesaki and Daishi Lines, and a 9-minute walk from Oshiage Station on the Tokyo Metro Hanzomon Line. The subject unit is a southwest-facing 1DK layout on the 3rd floor, with a floor area of 25.2 m2 and a balcony area of 3.6 m2. The total number of units is 41, the management type is fully outsourced (patrol), and the property features city gas and bicycle parking (no car parking or motorcycle parking). Land rights are ownership, and the zoning is Quasi-Industrial Zone. The property is currently tenanted, and handover timing is negotiable. The surrounding area includes 7-Eleven (2-minute walk), My Basket (3-minute walk), Tokyo Skytree Shopping Street (4-minute walk), and Chiba University Sumida Satellite Campus.

Property Details

Building Area
25.2 ㎡
Layout
1DK
1 bedroom + dining kitchen
Structure
RC
Built Year
1974
Floors
Floor 3 of 5
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥900,000
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

Land rights
Freehold
Zoning
Quasi-industrial zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Visiting
Owners' association
Yes
Total units
41 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield8.33%
Est. Net Yield6.77%

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
8.33%
Est. Net Yield
6.77%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥10,960,000+¥730,000¥890,0007.7%0.6%
2yr¥11,130,000+¥1,460,000¥1,790,00015.4%4.2%
3yr¥11,290,000+¥2,190,000¥2,690,00023.1%5.4%
4yr¥11,460,000+¥2,920,000¥3,590,00030.9%6%
5yr¥11,630,000+¥3,650,000¥4,490,00038.6%6.3%
6yr¥11,810,000+¥4,380,000¥5,390,00046.4%6.5%
7yr¥11,990,000+¥5,120,000¥6,300,00054.2%6.7%
8yr¥12,170,000+¥5,850,000¥7,210,00062.1%6.7%
9yr¥12,350,000+¥6,580,000¥8,130,00069.9%6.8%
10yr¥12,530,000+¥7,310,000¥9,040,00077.8%6.9%

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.)
¥822,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥422,400
Real Estate Acquisition Tax (est., rate varies by property type)¥190,000
Registration License Tax (title transfer)¥90,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥110,000

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

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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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