For SaleCondominium

New Life Tenjin

Tenjin 4-chome, Chuo-ku, Fukuoka-shi, Fukuoka
  • Corner unit
Asking Price
¥19,500,000
Est. Net Yield: 4.92%
New Life Tenjin - 1/1
1 / 1

Executive Summary

New Life Tenjin is an 11-story steel reinforced concrete (SRC) apartment building built in September 1983, located in Tenjin 4-chome, Chuo-ku, Fukuoka-shi, Fukuoka. It is located a 7-minute walk from Tenjin Station on the Fukuoka City Subway Kuko Line and a 10-minute walk from Nishitetsu Fukuoka (Tenjin) Station on the Nishitetsu Tenjin Omuta Line. The unit is a northeast-facing corner unit on the 7th floor with a 2DK layout, a floor area of 45.5 m², and a balcony area of 13.92 m². It is equipped with facilities such as an elevator, city gas, separate bath and toilet, a washroom, indoor washing machine space, and closets. Land rights are ownership, and the zoning is Commercial Zone. The property is currently occupied, and the handover is negotiable. Surrounding facilities include an elementary school (876 m, an 11-minute walk).

Property Details

Building Area
45.5 ㎡
Layout
2DK
2 bedrooms + dining kitchen
Structure
SRC
Built Year
1983
Floors
Floor 7 of 11
Earthquake Std.
To be confirmed
Est. Annual Rent
¥1,170,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Occupied by the seller
Handover
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Commercial zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
日本ハウズイング株式会社
Total units
72 units

Utilities & nearby

Gas
City gas
To elementary school
about 876 m
To junior high school
about 708 m

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

Location & Map

Investment Analysis

Est. Gross Yield5.99%
Est. Net Yield4.92%

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
5.99%
Est. Net Yield
4.92%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥19,790,000+¥960,000¥1,250,0006%-0.8%
2yr¥20,090,000+¥1,920,000¥2,510,00012%2.7%
3yr¥20,390,000+¥2,880,000¥3,770,00018%3.8%
4yr¥20,700,000+¥3,840,000¥5,040,00024.1%4.4%
5yr¥21,010,000+¥4,800,000¥6,310,00030.2%4.7%
6yr¥21,320,000+¥5,760,000¥7,580,00036.3%4.9%
7yr¥21,640,000+¥6,720,000¥8,860,00042.4%5%
8yr¥21,970,000+¥7,680,000¥10,150,00048.5%5.1%
9yr¥22,300,000+¥8,640,000¥11,430,00054.7%5.2%
10yr¥22,630,000+¥9,600,000¥12,730,00060.9%5.2%

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.)
¥1,409,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥709,500
Real Estate Acquisition Tax (est., rate varies by property type)¥350,000
Registration License Tax (title transfer)¥170,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥170,000

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

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)
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