For SaleCondominium

Kishiya Corpo

Kishiya 3-chome, Tsurumi-ku, Yokohama-shi, Kanagawa
  • Top floor
Asking Price
¥21,800,000
Est. Net Yield: 5.12%
Kishiya Corpo - 1/15
1 / 15

Executive Summary

This is a 5-story reinforced concrete condominium built in July 1977, located in Kishiya 3-chome, Tsurumi-ku, Yokohama-shi, Kanagawa. It is situated a 9-minute walk from Namamugi Station on the Keikyu Main Line. The unit is located on the 4th floor with a southwest-facing orientation, featuring a floor area of 72.6 sqm, a balcony area of 23.38 sqm, and a 3LDK layout. Key equipment includes an elevator, system kitchen, auto bath, bathroom dryer, warm-water bidet toilet, and storage in all rooms. Full interior renovation (flooring, walls, ceilings, fixtures) was completed in July 2010. The land rights are ownership, and the zoning is Category II Medium-and-high-rise Residential Zone. The property is currently rented, and handover is negotiable.

Property Details

Building Area
72.6 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1977
Floors
Floor 4 of 5
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,440,000
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

Site area (whole building)
720.7 ㎡
Land rights
Freehold
Zoning
Category 2 mid/high-rise residential zone

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
株式会社アセットライフ
Total units
31 units

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

Location & Map

Investment Analysis

Est. Gross Yield6.6%
Est. Net Yield5.12%

This property is currently leased, but the current rent is not available, so this figure is estimated from market rents. The actual current rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
6.60%
Est. Net Yield
5.12%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥22,130,000+¥1,120,000¥1,440,0006.2%-0.5%
2yr¥22,460,000+¥2,230,000¥2,890,00012.4%2.9%
3yr¥22,800,000+¥3,350,000¥4,350,00018.6%4%
4yr¥23,140,000+¥4,470,000¥5,800,00024.9%4.6%
5yr¥23,480,000+¥5,580,000¥7,270,00031.1%4.9%
6yr¥23,840,000+¥6,700,000¥8,740,00037.4%5.1%
7yr¥24,190,000+¥7,820,000¥10,210,00043.7%5.2%
8yr¥24,560,000+¥8,930,000¥11,690,00050.1%5.3%
9yr¥24,930,000+¥10,050,000¥13,180,00056.4%5.4%
10yr¥25,300,000+¥11,170,000¥14,670,00062.8%5.4%

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.)
¥1,555,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥785,400
Real Estate Acquisition Tax (est., rate varies by property type)¥390,000
Registration License Tax (title transfer)¥190,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥180,000

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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