For SaleCondominium

Dia Palace Ohashi Minami Ichibankan

Notame 1-chome, Minami-ku, Fukuoka-shi, Fukuoka
Asking Price
¥16,800,000
Est. Net Yield: 3.9%
Dia Palace Ohashi Minami Ichibankan - 1/15
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Executive Summary

This is an 11-story steel-framed reinforced concrete (SRC) condominium built in November 1991, located in Notame 1-chome, Minami-ku, Fukuoka-shi, Fukuoka. Transportation access is a 23-minute walk from Ohashi Station on the Nishitetsu Tenjin Omuta Line, a 12-minute bus ride and a 4-minute walk from the same station, or a 38-minute bus ride and a 4-minute walk from Hakata Station on the Kagoshima Main Line. The unit is an east-facing 3LDK situated on the 2nd floor, with a floor area of 70.1 sqm and a balcony area of 9.7 sqm. The building comprises 124 units in total and features a tiled exterior, along with facilities including an auto-lock system, security cameras, an elevator, an intercom with a monitor, and a counter kitchen. The land right is ownership, and the zoning is Category I Residential Zone. The property is currently tenanted and available for immediate delivery. Nearby amenities include a commercial facility 347 m away (5-minute walk), a convenience store 362 m away (5-minute walk), a post office 532 m away (7-minute walk), and medical facilities 964 m away (13-minute walk).

Property Details

Building Area
70.1 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1991
Floors
Floor 2 of 11
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥900,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Immediately

Land & legal restrictions

Site area (whole building)
10,969.3 ㎡
Land rights
Freehold
Zoning
Category 1 residential zone

Costs besides the price

Other costs
棟外オーナー: ¥1,000 per month
Parking
Yes · 駐車場2台分

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
東急コミュニティー
Owners' association
Yes
Total units
124 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield5.37%
Est. Net Yield3.9%

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
5.37%
Est. Net Yield
3.90%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥17,050,000+¥660,000¥910,0005%-1.8%
2yr¥17,310,000+¥1,310,000¥1,820,00010.1%1.6%
3yr¥17,570,000+¥1,970,000¥2,730,00015.2%2.8%
4yr¥17,830,000+¥2,620,000¥3,650,00020.3%3.4%
5yr¥18,100,000+¥3,280,000¥4,580,00025.4%3.7%
6yr¥18,370,000+¥3,930,000¥5,500,00030.5%3.9%
7yr¥18,650,000+¥4,590,000¥6,440,00035.7%4.1%
8yr¥18,930,000+¥5,250,000¥7,370,00040.9%4.2%
9yr¥19,210,000+¥5,900,000¥8,310,00046.1%4.2%
10yr¥19,500,000+¥6,560,000¥9,250,00051.3%4.3%

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.)
¥1,230,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥620,400
Real Estate Acquisition Tax (est., rate varies by property type)¥300,000
Registration License Tax (title transfer)¥150,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥150,000

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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