For SaleCondominium

Cosmo Avenue Kawasaki

Oiwake-cho, Kawasaki-ku, Kawasaki-shi, Kanagawa
Asking Price
¥53,000,000
Est. Net Yield: 5.33%
Cosmo Avenue Kawasaki - 1/2
1 / 2

Executive Summary

Located in Oiwake-cho, Kawasaki-ku, Kawasaki-shi, Kanagawa, Cosmo Avenue Kawasaki is an 11-story steel framed reinforced concrete (SRC) apartment building constructed in March 1988. Transportation access includes a 17-minute walk from Oda-Sakae Station on the Nambu Line, a 20-minute walk from Hama-Kawasaki Station on the Tsurumi Line, and a 28-minute walk from Kawasaki Station on the Tokaido Main Line. Out of 22 total units, this property is a commercial retail space located on the 1st floor with a floor area of 280.4 sqm, a 1R layout, and northeast orientation. Building management is fully outsourced (day shift), and construction was completed by Kitano Construction Corp. Land rights are ownership, and the zoning is Commercial Zone. Currently rented as a tenanted investment property (owner-change), handover timing is negotiable. Nearby amenities include a post office at 383m (5-minute walk), an elementary school at 572m (8-minute walk), and a junior high school at 747m (10-minute walk). This property is situated along Shinkawa-dori street.

Property Details

Building Area
280.4 ㎡
Layout
1R
Studio
Structure
SRC
Built Year
1988
Floors
Floor 1 of 11
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥4,620,000
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)
582.6 ㎡
Land rights
Freehold
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
大和ライフネクスト株式会社
Total units
22 units

Utilities & nearby

To elementary school
about 572 m
To junior high school
about 747 m

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

Location & Map

Investment Analysis

Gross Yield8.72%
Est. Net Yield5.33%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
8.72%
Est. Net Yield
5.33%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥53,790,000+¥2,820,000¥3,620,0006.4%0%
2yr¥54,600,000+¥5,650,000¥7,250,00012.8%3.2%
3yr¥55,420,000+¥8,470,000¥10,890,00019.2%4.3%
4yr¥56,250,000+¥11,300,000¥14,550,00025.7%4.8%
5yr¥57,100,000+¥14,120,000¥18,220,00032.2%5.1%
6yr¥57,950,000+¥16,950,000¥21,900,00038.7%5.3%
7yr¥58,820,000+¥19,770,000¥25,590,00045.2%5.5%
8yr¥59,700,000+¥22,590,000¥29,300,00051.7%5.5%
9yr¥60,600,000+¥25,420,000¥33,020,00058.3%5.6%
10yr¥61,510,000+¥28,240,000¥36,750,00064.9%5.7%

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.)
¥3,635,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,815,000
Real Estate Acquisition Tax (est., rate varies by property type)¥950,000
Registration License Tax (title transfer)¥470,000
Stamp Duty (purchase agreement)¥30,000
Judicial Scrivener & Other Fees (est.)¥370,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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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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