For SaleResort Apartment

Atami Habitation Building 2

Izusan, Atami-shi, Shizuoka
Asking Price
¥9,500,000
Atami Habitation Building 2 - 1/11
1 / 11

Executive Summary

Located in Izusan, Atami-shi, Shizuoka, "Atami Habitation Building 2" is a 13-story reinforced concrete (RC) resort condominium built in May 1962. Transportation access is a 23-minute walk from Atami Station on the Tokaido-Sanyo Shinkansen and a 24-minute walk from Atami Station on the Tokaido Main Line. The unit is on the 5th floor, south-facing, with a 2LDK layout, a floor area of 71.9 sqm, and a balcony area of 10 sqm. The management is fully outsourced with a permanent on-site manager. In May 2023, renovations were completed for plumbing facilities (kitchen, toilet, washroom) and interior finishes (walls and ceilings including wallpaper and painting). There is no parking space. Land rights are ownership, and the zoning is Category II Residential Zone. The property is currently occupied, and the handover timing is open for consultation.

Property Details

Building Area
71.9 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1962
Floors
Floor 5 of 13
Earthquake Std.
Old Seismic Standard
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

Site area (whole building)
1,292.1 ㎡
Land rights
Freehold
Zoning
Category 2 residential zone

Costs besides the price

Other costs
温泉維持費: ¥5,000 per month
Other costs
新規温泉掘削協力金: ¥3,000 per month
Parking
None
Hot spring
引込み済,各戸 · 5,000円

Building management

Management type
Fully outsourced
Building manager
Live-in

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

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.05%
Est. Net Yield
1.37%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

If sold after 10 years (before tax)
Annual return (IRR)
0.3%
Net gain
+¥270,000
Gain on total investment +2.7%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥9,500,000+¥140,000¥-990,000-9.7%-9.7%
2yr¥9,500,000+¥280,000¥-850,000-8.3%-4.3%
3yr¥9,500,000+¥420,000¥-710,000-6.9%-2.4%
4yr¥9,500,000+¥560,000¥-570,000-5.5%-1.4%
5yr¥9,500,000+¥700,000¥-430,000-4.2%-0.9%
6yr¥9,500,000+¥840,000¥-290,000-2.8%-0.5%
7yr¥9,500,000+¥980,000¥-150,000-1.4%-0.2%
8yr¥9,500,000+¥1,120,000¥-10,000-0.1%0.0%
9yr¥9,500,000+¥1,260,000+¥130,000+1.3%0.2%
10yr¥9,500,000+¥1,400,000+¥270,000+2.7%0.3%

Assumptions

  • Total investment ¥10,244,500 (price ¥9,500,000 + purchase costs ¥744,500)
  • Management fee and repair reserve: ¥313,200 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

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.)
¥744,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥379,500
Real Estate Acquisition Tax (est., rate varies by property type)¥170,000
Registration License Tax (title transfer)¥80,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥110,000

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

Book from open times

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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