For SaleCondominium

Riverie Building C

Minatocho, Kawasaki-ku, Kawasaki-shi, Kanagawa
  • Seismic dampers
  • 20+ story building
  • Pets negotiable
Asking Price
¥72,800,000
Est. Net Yield: 3.22%
Riverie Building C - 1/6
1 / 6

Executive Summary

This is a residential unit in Riverie Building C, a vibration-controlled RC building with 28 stories above ground constructed in March 2017, located in Minatocho, Kawasaki-ku, Kawasaki-shi, Kanagawa. It is located a 2-minute walk from Minatocho Station, a 10-minute walk from Suzukicho Station, and an 18-minute walk from Kawasaki-Daishi Station on the Keikyu Daishi Line. The subject unit is on the 3rd floor, featuring a southwest-facing 3LDK layout with a floor area of 70.5 sqm and a balcony area of 12 sqm. The building has 461 units in total, was constructed by Obayashi Corporation, and is equipped with auto-lock, security cameras, an elevator, and anytime garbage disposal facilities. The land rights are ownership, and the zoning is Category II Residential Zone. The property is currently occupied, and delivery is upon consultation. Nearby facilities include a convenience store (498 m, 7-minute walk), commercial facilities (787 m, 10-minute walk), and dining establishments (799 m, 10-minute walk), and it is close to the Kawasaki Arena City redevelopment area scheduled to open in 2030.

Property Details

Building Area
70.5 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
2017
Floors
Floor 3 of 28
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥2,670,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Occupied by the seller
Handover
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Category 2 residential zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
レーベンコミュニティ
Total units
461 units

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

Location & Map

Investment Analysis

Est. Gross Yield3.67%
Est. Net Yield3.22%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
3.67%
Est. Net Yield
3.22%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥73,890,000+¥2,340,000¥3,440,0004.4%-1.9%
2yr¥75,000,000+¥4,690,000¥6,890,0008.9%1.3%
3yr¥76,130,000+¥7,030,000¥10,360,00013.3%2.3%
4yr¥77,270,000+¥9,370,000¥13,840,00017.8%2.9%
5yr¥78,430,000+¥11,720,000¥17,340,00022.3%3.2%
6yr¥79,600,000+¥14,060,000¥20,860,00026.8%3.4%
7yr¥80,800,000+¥16,410,000¥24,400,00031.4%3.5%
8yr¥82,010,000+¥18,750,000¥27,960,00036%3.6%
9yr¥83,240,000+¥21,090,000¥31,530,00040.6%3.7%
10yr¥84,490,000+¥23,440,000¥35,120,00045.2%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.)
¥4,938,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥2,468,400
Real Estate Acquisition Tax (est., rate varies by property type)¥1,310,000
Registration License Tax (title transfer)¥650,000
Stamp Duty (purchase agreement)¥30,000
Judicial Scrivener & Other Fees (est.)¥480,000

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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