For SaleCondominium

First Class Isezakicho

Eiraku-cho 2-chome, Minami-ku, Yokohama-shi, Kanagawa
Asking Price
¥24,800,000
Est. Net Yield: 3.92%
First Class Isezakicho - 1/1
1 / 1

Executive Summary

This is First Class Isezakicho, a 10-story reinforced concrete (RC) apartment building built in June 2002, located in Eiraku-cho 2-chome, Minami-ku, Yokohama-shi, Kanagawa. Available transportation includes a 7-minute walk from Isezaki-chojamachi Station on the Yokohama Municipal Subway Blue Line, a 9-minute walk from Bandobashi Station on the same line, and a 13-minute walk from Kannai Station on the Negishi Line. The subject unit is located on the 8th floor and is a 2DK layout with a floor area of 31.4 m² and a balcony area of 7.42 m². Equipment and facilities include an auto-lock system, an elevator, an air conditioner, an indoor washing machine space, and a closet. The total number of units is 25, and the management structure is fully outsourced (patrol). The land right is ownership, and the zoning is designated as a Commercial Zone. The current status is vacant, and immediate delivery is possible. There is no parking space available. Nearby facilities include commercial facilities within a 3-minute walk (182 m), a convenience store within a 3-minute walk (221 m), and restaurants within a 3-minute walk (238 m).

Property Details

Building Area
31.4 ㎡
Layout
2DK
2 bedrooms + dining kitchen
Structure
RC
Built Year
2002
Floors
Floor 8 of 10
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,320,000
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
株式会社東急コミュニティー
Total units
25 units

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

Location & Map

Investment Analysis

Est. Gross Yield5.33%
Est. Net Yield3.92%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.33%
Est. Net Yield
3.92%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥25,170,000+¥970,000¥1,340,0005.1%-1.5%
2yr¥25,550,000+¥1,940,000¥2,690,00010.1%1.8%
3yr¥25,930,000+¥2,920,000¥4,050,00015.3%2.9%
4yr¥26,320,000+¥3,890,000¥5,410,00020.4%3.5%
5yr¥26,720,000+¥4,860,000¥6,780,00025.5%3.8%
6yr¥27,120,000+¥5,830,000¥8,150,00030.7%4%
7yr¥27,520,000+¥6,800,000¥9,530,00035.9%4.1%
8yr¥27,940,000+¥7,770,000¥10,910,00041.1%4.2%
9yr¥28,360,000+¥8,750,000¥12,300,00046.3%4.3%
10yr¥28,780,000+¥9,720,000¥13,700,00051.6%4.4%

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.)
¥1,744,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥884,400
Real Estate Acquisition Tax (est., rate varies by property type)¥440,000
Registration License Tax (title transfer)¥220,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥190,000

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)
Inquire