For SaleCondominiumLeasehold land

Saginuma Star Dwelling

Tsuchihashi 2-chome, Miyamae-ku, Kawasaki-shi, Kanagawa
  • Corner unit
Asking Price
¥25,800,000
Est. Net Yield: 3.67%
Saginuma Star Dwelling - 1/1
1 / 1

Executive Summary

Saginuma Star Dwelling is a 7-story reinforced concrete (RC) condominium built in February 1969, located in Tsuchihashi 2-chome, Miyamae-ku, Kawasaki-shi, Kanagawa. Transportation access includes a 7-minute walk from Miyamaedaira Station and a 9-minute walk from Saginuma Station on the Tokyu Den-en-toshi Line. The subject unit is a southeast-facing corner room on the 4th floor with a 3LDK layout, featuring a floor area of 71.3㎡ and a balcony area of 6.6㎡. Key facilities include an elevator, system kitchen, bathroom dryer, reheating function, and monitor intercom, with a new renovation completed in July 2026. Land rights are Old Law surface rights with a lease term of 61 years, and the zoning is Category II Residential Zone. The property is currently vacant, and handover is immediate.

Property Details

Building Area
71.3 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1969
Floors
Floor 4 of 7
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,470,000
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
Superficies right (former Act)
Lease term
61 yr
Zoning
Category 2 residential zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Visiting
Total units
58 units

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

Location & Map

Investment Analysis

Est. Gross Yield5.68%
Est. Net Yield3.67%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.68%
Est. Net Yield
3.67%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥26,190,000+¥950,000¥1,330,0004.8%-1.8%
2yr¥26,580,000+¥1,890,000¥2,670,0009.7%1.5%
3yr¥26,980,000+¥2,840,000¥4,020,00014.5%2.7%
4yr¥27,380,000+¥3,790,000¥5,370,00019.4%3.2%
5yr¥27,790,000+¥4,730,000¥6,730,00024.3%3.5%
6yr¥28,210,000+¥5,680,000¥8,090,00029.3%3.7%
7yr¥28,630,000+¥6,620,000¥9,460,00034.2%3.9%
8yr¥29,060,000+¥7,570,000¥10,830,00039.2%4%
9yr¥29,500,000+¥8,520,000¥12,220,00044.2%4.1%
10yr¥29,940,000+¥9,460,000¥13,610,00049.2%4.1%

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.)
¥1,827,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥917,400
Real Estate Acquisition Tax (est., rate varies by property type)¥460,000
Registration License Tax (title transfer)¥230,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥210,000

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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