For SaleCondominium

Sunny Heights Monzen-nakacho

Furuishiba 2-chome, Koto-ku, Tokyo
  • Renovated September 2013 (full)
  • Office use negotiable
  • Pets negotiable
Asking Price
¥62,800,000
Est. Net Yield: 3.54%
Sunny Heights Monzen-nakacho - 1/9
1 / 9

Executive Summary

This is a 2nd-floor unit in Sunny Heights Monzen-nakacho, an 11-story steel-framed reinforced concrete (SRC) condominium built in January 1983, located in Furuishiba 2-chome, Koto-ku, Tokyo. It is located a 5-minute walk from Monzen-nakacho Station on the Tokyo Metro Tozai Line, a 7-minute walk from Etchujima Station on the Keiyo Line, and a 10-minute walk from Monzen-nakacho Station on the Toei Oedo Line. With a floor area of 63 sqm and a balcony area of 7.27 sqm, this southwest-facing 3LDK unit is equipped with an IH cooking heater, bathroom dryer, and reheating function. Renovation history includes a full interior and plumbing renovation in September 2013, and equipment updates in January 2018. The land rights are ownership, and the zoning is Quasi-Industrial Zone. Currently tenanted under a corporate contract (2-year term, renewed in March 2025) and offered as an investment property with tenant in place, handover is negotiable. Nearby facilities include a post office (226m, 3-minute walk), a convenience store (259m, 4-minute walk), and a supermarket (415m, 6-minute walk).

Property Details

Building Area
63.0 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1983
Floors
Floor 2 of 11
Earthquake Std.
To be confirmed
Est. Annual Rent
¥2,520,000
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

Other costs
町内会費: ¥250 per month
Parking
No space available

Building condition

Building inspection
申込対応可

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
東急コミュニティー
Owners' association
Yes
Total units
88 units

Utilities & nearby

Gas
City gas
Water
Public water supply
To elementary school
about 573 m
To junior high school
about 372 m

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

Location & Map

Investment Analysis

Gross Yield4.02%
Est. Net Yield3.54%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
4.02%
Est. Net Yield
3.54%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥63,740,000+¥2,220,000¥3,160,0004.7%-1.7%
2yr¥64,700,000+¥4,440,000¥6,340,0009.5%1.6%
3yr¥65,670,000+¥6,670,000¥9,530,00014.2%2.6%
4yr¥66,650,000+¥8,890,000¥12,740,00019%3.2%
5yr¥67,650,000+¥11,110,000¥15,960,00023.8%3.5%
6yr¥68,670,000+¥13,330,000¥19,200,00028.6%3.7%
7yr¥69,700,000+¥15,550,000¥22,450,00033.5%3.8%
8yr¥70,740,000+¥17,780,000¥25,720,00038.3%3.9%
9yr¥71,800,000+¥20,000,000¥29,000,00043.2%4%
10yr¥72,880,000+¥22,220,000¥32,300,00048.2%4%

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.)
¥4,278,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥2,138,400
Real Estate Acquisition Tax (est., rate varies by property type)¥1,130,000
Registration License Tax (title transfer)¥560,000
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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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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