For SaleCondominiumAkiya

Emerald Mansion Mihagino

Higashishinozaki 1-chome, Kokurakita-ku, Kitakyushu-shi, Fukuoka
  • Office use allowed
Asking Price
¥1,980,000
Est. Net Yield: 17.93%
Emerald Mansion Mihagino - 1/12
1 / 12

Executive Summary

This 4th-floor unit is in Emerald Mansion Mihagino, a 5-story reinforced concrete (RC) condominium built in June 1983 and located in Higashishinozaki 1-chome, Kokurakita-ku, Kitakyushu-shi, Fukuoka. Transportation access includes a 6-minute walk from Katano Station, an 11-minute walk from Kawaraguchi-Mihagino Station, and a 16-minute walk from Jono Station on the Kitakyushu High Speed Railroad. The unit features a south-facing 2DK layout with a floor area of 36.6 sqm and a 10 sqm balcony, equipped with air conditioning, an indoor laundry machine space, and storage in all rooms. Land rights are ownership, and the zoning is Commercial Zone. The property is currently vacant, and immediate handover is available. Office use is also permitted. Nearby facilities include a convenience store 132 m away (a 2-minute walk), a junior high school 660 m away (a 9-minute walk), an elementary school 662 m away (a 9-minute walk), and commercial facilities 811 m away (an 11-minute walk).

Property Details

Building Area
36.6 ㎡
Layout
2DK
2 bedrooms + dining kitchen
Structure
RC
Built Year
1983
Floors
Floor 4 of 5
Earthquake Std.
To be confirmed
Est. Annual Rent
¥410,000
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
Commercial zone

Building management

Management type
Self-managed
Building manager
不在
Owners' association
Yes
Total units
19 units

Utilities & nearby

To elementary school
about 662 m
To junior high school
about 660 m

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

Location & Map

Investment Analysis

Est. Gross Yield20.72%
Est. Net Yield17.93%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
20.72%
Est. Net Yield
17.93%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥2,010,000+¥360,000¥380,00016%-1.9%
2yr¥2,040,000+¥710,000¥770,00031.9%7.3%
3yr¥2,070,000+¥1,070,000¥1,160,00047.9%10.5%
4yr¥2,100,000+¥1,420,000¥1,540,00063.9%12%
5yr¥2,130,000+¥1,780,000¥1,930,00080%12.9%
6yr¥2,170,000+¥2,130,000¥2,320,00096%13.5%
7yr¥2,200,000+¥2,490,000¥2,700,000112.1%13.9%
8yr¥2,230,000+¥2,840,000¥3,090,000128.2%14.2%
9yr¥2,260,000+¥3,200,000¥3,480,000144.3%14.4%
10yr¥2,300,000+¥3,550,000¥3,870,000160.4%14.5%

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.)
¥431,000
Brokerage fee (special rule for properties of ¥8M or less: flat ¥300,000 plus consumption tax)¥330,000
Real Estate Acquisition Tax (est., rate varies by property type)¥30,000
Registration License Tax (title transfer)¥10,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥60,000

For properties of ¥8M or less, the brokerage fee is a flat ¥330,000 including tax under a special rule in the regulations (explained when you sign the brokerage agreement).

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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