For SaleCondominiumAkiya

Keio Atagawa Mansion

Naramoto, Higashiizu-cho, Kamo-gun, Shizuoka
  • Office use negotiable
Asking Price
¥1,400,000
Keio Atagawa Mansion - 1/16
1 / 16

Executive Summary

This is a 3rd-floor unit in Keio Atagawa Mansion, a 10-story steel reinforced concrete (SRC) building built in June 1975, located in Naramoto, Higashiizu-cho, Kamo-gun, Shizuoka. It is a 30-minute walk from Izu-Atagawa Station on the Izu Kyuko Line, and shuttle bus service is available. The unit has a floor area of 52 m² and a balcony of 5 m² with a northeast-facing 1LDK layout. The unit is equipped with an IH cooktop, separate bath and toilet, a warm-water bidet toilet seat, and 2 or more air conditioning units. Interior renovations (walls and ceilings) were completed in September 2016, and exterior renovations (exterior walls) were completed in May 2018. Shared facilities include a large communal bath fed directly from a hot spring source, an open-air bath, 2 tennis courts, a pool (summer only), a guest room (paid), free parking, and an elevator. Land rights are ownership, and the zoning is undesignated. The unit is currently vacant, with the handover timing open for consultation.

Property Details

Building Area
52.0 ㎡
Layout
1LDK
1 bedroom + living, dining & kitchen
Structure
SRC
Built Year
1975
Floors
Floor 3 of 10
Earthquake Std.
Old Seismic Standard
Transport
  • Izu-Atagawa Station
    Izu Kyūkō Line
    Walk 30 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
13,223.2 ㎡
Land rights
Freehold
Zoning
No zoning designated

Costs besides the price

Parking
Yes · Free · 先着順
Hot spring
引込み済,共同

Building management

Management type
Fully outsourced
Building manager
Live-in
Owners' association
Yes
Total units
205 units

Utilities & nearby

To elementary school
about 2347 m
To junior high school
about 1910 m

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
5.00%
Est. Net Yield
—

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)
-38.4%
Net gain
¥-4,830,000
Gain on total investment -265.3%
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¥1,400,000¥-410,000¥-1,160,000-63.7%-63.7%
2yr¥1,400,000¥-820,000¥-1,570,000-86.1%-49.9%
3yr¥1,400,000¥-1,220,000¥-1,980,000-108.5%-44.6%
4yr¥1,400,000¥-1,630,000¥-2,380,000-130.9%-41.9%
5yr¥1,400,000¥-2,040,000¥-2,790,000-153.3%-40.5%
6yr¥1,400,000¥-2,450,000¥-3,200,000-175.7%-39.6%
7yr¥1,400,000¥-2,850,000¥-3,610,000-198.1%-39.0%
8yr¥1,400,000¥-3,260,000¥-4,010,000-220.5%-38.7%
9yr¥1,400,000¥-3,670,000¥-4,420,000-242.9%-38.5%
10yr¥1,400,000¥-4,080,000¥-4,830,000-265.3%-38.4%

Assumptions

  • Total investment ¥1,821,000 (price ¥1,400,000 + purchase costs ¥421,000)
  • Management fee and repair reserve: ¥474,000 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.)
¥421,000
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)¥20,000
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.

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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