For SaleCondominium

Sun Palace Koiwa

Kitakoiwa 2-chome, Edogawa-ku, Tokyo
  • Corner unit
  • Pets negotiable
Asking Price
¥61,800,000
Est. Net Yield: 2.29%
Sun Palace Koiwa - 1/15
1 / 15

Executive Summary

Sun Palace Koiwa, located in Kitakoiwa 2-chome, Edogawa-ku, Tokyo, is a 14-story SRC condominium built in January 2001. Transportation access includes a 2-minute walk from Keisei-Koiwa Station on the Keisei Electric Railway Main Line, a 16-minute walk from Koiwa Station on the Sobu-Chuo Local Line, and a 16-minute walk from Shin-Shibamata Station on the Hokuso Railway. The unit is a south-facing corner unit on the 5th floor, featuring a floor area of 67.5 sqm, a balcony area of 26.22 sqm, and a 2SLDK layout. It is equipped with an auto-lock system, an elevator, delivery boxes, a system kitchen, and a bathroom dryer, with plumbing/water areas and a full interior renovation completed in September 2026. Land rights are ownership, and the zoning is Commercial Zone. The current status is vacant, with immediate handover. Nearby amenities include a convenience store 62m away (a 1-minute walk) and commercial facilities 112m away (a 2-minute walk).

Property Details

Building Area
67.5 ㎡
Layout
2SLDK
2 bedrooms + storage room + living, dining & kitchen
Structure
SRC
Built Year
2001
Floors
Floor 5 of 14
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,810,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Land rights
Freehold
Zoning
Commercial zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
日本ハウズイング株式会社
Owners' association
Yes

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield2.94%
Est. Net Yield2.29%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
2.94%
Est. Net Yield
2.29%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥62,730,000+¥1,420,000¥2,340,0003.6%-2.8%
2yr¥63,670,000+¥2,830,000¥4,700,0007.1%0.4%
3yr¥64,620,000+¥4,250,000¥7,070,00010.7%1.5%
4yr¥65,590,000+¥5,670,000¥9,460,00014.3%2%
5yr¥66,580,000+¥7,080,000¥11,860,00018%2.3%
6yr¥67,570,000+¥8,500,000¥14,270,00021.6%2.5%
7yr¥68,590,000+¥9,920,000¥16,700,00025.3%2.7%
8yr¥69,620,000+¥11,330,000¥19,150,00029%2.8%
9yr¥70,660,000+¥12,750,000¥21,610,00032.7%2.8%
10yr¥71,720,000+¥14,170,000¥24,090,00036.5%2.9%

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.)
¥4,215,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥2,105,400
Real Estate Acquisition Tax (est., rate varies by property type)¥1,110,000
Registration License Tax (title transfer)¥550,000
Stamp Duty (purchase agreement)¥30,000
Judicial Scrivener & Other Fees (est.)¥420,000

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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