For SaleCondominiumAkiya

Wakayamadai Dai 2 Jutaku Building 5

Wakayamadai 1-chome, Shimamoto-cho, Mishima-gun, Osaka
  • Top floor
Asking Price
¥3,000,000
Wakayamadai Dai 2 Jutaku Building 5 - 1/1
1 / 1

Executive Summary

This is Wakayamadai Dai 2 Jutaku Building 5, a 5-story reinforced concrete condominium built in July 1981, located in Wakayamadai 1-chome, Shimamoto-cho, Mishima-gun, Osaka. Transportation access is a 16-minute walk from Shimamoto Station on the Tokaido Main Line, or a 5-minute bus ride from the same station with a 2-minute walk from the bus stop. The unit is on the 5th floor, with a 3LDK layout having a floor area of 77.4 sqm and a balcony area of 11.73 sqm, facing south with lighting from two sides. Utilities include city gas, hot water supply, public water, and public sewage. The land rights are ownership, and the zoning is Category I Medium-and-High-Rise Residential Zone. The current status is vacant, and delivery is immediate. The total number of units is 40, management is partially outsourced (day shift), the construction company was Japan Housing Corporation Kansai Branch, pets and office use are not allowed, and parking is currently full.

Property Details

Building Area
77.4 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1981
Floors
Floor 5 of 5
Earthquake Std.
To be confirmed
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

Site area (whole building)
17,043.3 ㎡
Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Costs besides the price

Parking
No space available

Building management

Management type
Partly outsourced
Building manager
Daytime
Management company
日本総合住生活株式会社
Owners' association
Yes
Total units
40 units

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 1018 m
To junior high school
about 654 m

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

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.00%
Est. Net Yield
4.25%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

Management and repair fees for this property are not available, so expenses are assumed to be 15% of rent.

Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥3,040,000+¥130,000¥170,0005%-8.6%
2yr¥3,090,000+¥260,000¥350,00010%-1.9%
3yr¥3,140,000+¥380,000¥520,00015%0.5%
4yr¥3,180,000+¥510,000¥690,00020%1.7%
5yr¥3,230,000+¥640,000¥870,00025%2.4%
6yr¥3,280,000+¥770,000¥1,050,00030.1%2.8%
7yr¥3,330,000+¥890,000¥1,220,00035.2%3.1%
8yr¥3,380,000+¥1,020,000¥1,400,00040.3%3.4%
9yr¥3,430,000+¥1,150,000¥1,580,00045.5%3.6%
10yr¥3,480,000+¥1,280,000¥1,760,00050.6%3.7%

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.)
¥471,000
Brokerage fee (special rule for properties of ¥8M or less: flat ¥300,000 plus consumption tax)¥330,000
Real Estate Acquisition Tax (est., rate varies by property type)¥50,000
Registration License Tax (title transfer)¥20,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥70,000

For properties of ¥8M or less, the brokerage fee is a flat ¥330,000 including tax under a special rule in the regulations (explained when you sign the brokerage agreement).

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

Book from open times

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.

Apply online

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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