For SaleCondominium

Apartment in Shimoasao 1-chome, Asao-ku, Kawasaki-shi

Shimoasao 1-chome, Asao-ku, Kawasaki-shi, Kanagawa
  • Renovated 2016 (full)
  • Pets negotiable
Asking Price
¥11,800,000
Est. Net Yield: 6.99%
Apartment in Shimoasao 1-chome, Asao-ku, Kawasaki-shi - 1/15
1 / 15

Executive Summary

This property is located on the 3rd floor of a 5-story reinforced concrete (RC) apartment building constructed in November 1970, situated in Shimoasao 1-chome, Asao-ku, Kawasaki-shi, Kanagawa. It is an 18-minute walk from Kakio Station on the Odakyu Odawara Line. The layout is 1LDK with a floor area of 49 m² and a balcony area of 6 m². In January 2016, a full indoor renovation was completed, covering the plumbing/wet areas (kitchen, bathroom, toilet, and washroom) and interior finishes (flooring, wallpaper in all rooms, fixtures, etc.). Equipment includes a counter kitchen, bath reheating function, warm-water bidet toilet seat, and a monitor-equipped intercom. Land rights are ownership, and the zoning is Category I Medium-to-high-rise Residential Zone. The property is currently vacant and available for immediate handover. Nearby facilities include a convenience store 288 m away (a 4-minute walk), a kindergarten/nursery school 522 m away (a 7-minute walk), commercial facilities 873 m away (an 11-minute walk), a junior high school 920 m away (a 12-minute walk), and an elementary school 935 m away (a 12-minute walk).

Property Details

Building Area
49.0 ㎡
Layout
1LDK
1 bedroom + living, dining & kitchen
Structure
RC
Built Year
1970
Floors
Floor 3 of 5
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,000,000
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
Category 1 mid/high-rise residential zone

Costs besides the price

Parking
Yes

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

Utilities & nearby

Gas
City gas
To elementary school
about 935 m
To junior high school
about 920 m

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

Location & Map

Investment Analysis

Est. Gross Yield8.51%
Est. Net Yield6.99%

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
8.51%
Est. Net Yield
6.99%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥11,980,000+¥820,000¥1,000,0007.9%0.8%
2yr¥12,160,000+¥1,650,000¥2,010,00015.8%4.4%
3yr¥12,340,000+¥2,470,000¥3,010,00023.7%5.6%
4yr¥12,520,000+¥3,300,000¥4,020,00031.7%6.2%
5yr¥12,710,000+¥4,120,000¥5,030,00039.7%6.5%
6yr¥12,900,000+¥4,950,000¥6,050,00047.6%6.7%
7yr¥13,100,000+¥5,770,000¥7,070,00055.7%6.9%
8yr¥13,290,000+¥6,600,000¥8,090,00063.7%7%
9yr¥13,490,000+¥7,420,000¥9,110,00071.8%7%
10yr¥13,690,000+¥8,240,000¥10,140,00079.9%7.1%

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.)
¥895,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥455,400
Real Estate Acquisition Tax (est., rate varies by property type)¥210,000
Registration License Tax (title transfer)¥100,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥120,000

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