For SaleCondominium

Wakabadai 1-3 Building

Wakabadai 1-chome, Asahi-ku, Yokohama-shi, Kanagawa
Asking Price
¥13,000,000
Wakabadai 1-3 Building - 1/29
1 / 29

Executive Summary

This is a 15-story steel reinforced concrete (SRC) condominium built in March 1979, located in Wakabadai 1-chome, Asahi-ku, Yokohama-shi, Kanagawa. Transportation access is a 12-minute bus ride and a 1-minute walk from Tokaichiba Station on the Yokohama Line, a 22-minute bus ride and a 1-minute walk from Aobadai Station on the Tokyu Den-en-toshi Line, and an 18-minute bus ride and a 1-minute walk from Mitsukyo Station on the Sagami Railway Main Line. The unit is a southwest-facing 3LDK situated on the 5th floor, with a floor area of 72.1 m² and a balcony area of 5.62 m². Facilities include a delivery box and a bath reheating function, and plumbing renovations including the bathroom and water heater were completed in May 2012. The land right is ownership, and the zoning is Category I Medium-to-High-Rise Residential Zone. The property is currently vacant, and immediate handover is possible. As for nearby facilities, an elementary school is 900 m away (a 12-minute walk). Freestanding pillar seismic retrofitting was carried out in 2010, large-scale repairs were completed in 2021, and a clinic is located within the building. Short-term lodging (minpaku) is not permitted.

Property Details

Building Area
72.1 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1979
Floors
Floor 5 of 15
Earthquake Std.
Old Seismic Standard
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
Category 1 mid/high-rise residential zone

Costs besides the price

Other costs
組合費: ¥330 per month
Parking
Yes · 月額9,900円~13,200円(税込)。区画により料金が異なります。空き状況・利用区画・料金は管理会社へ要確認。

Building management

Management type
Partly outsourced
Building manager
Daytime
Management company
(一財)若葉台まちづくりセンタ
Owners' association
Yes
Total units
211 units

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 900 m
To junior high school
about 550 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¥13,190,000+¥550,000¥750,0005.3%-1.6%
2yr¥13,390,000+¥1,110,000¥1,500,00010.7%1.9%
3yr¥13,590,000+¥1,660,000¥2,250,00016.1%3.1%
4yr¥13,800,000+¥2,210,000¥3,010,00021.5%3.7%
5yr¥14,000,000+¥2,760,000¥3,770,00027%4%
6yr¥14,210,000+¥3,320,000¥4,530,00032.4%4.2%
7yr¥14,430,000+¥3,870,000¥5,300,00037.9%4.4%
8yr¥14,640,000+¥4,420,000¥6,060,00043.4%4.5%
9yr¥14,860,000+¥4,970,000¥6,840,00048.9%4.5%
10yr¥15,090,000+¥5,530,000¥7,610,00054.5%4.6%

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.)
¥975,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥495,000
Real Estate Acquisition Tax (est., rate varies by property type)¥230,000
Registration License Tax (title transfer)¥110,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥130,000

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)
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