For SaleResort ApartmentAkiya

Atami [Kinomiya] No. 10

Baiencho, Atami-shi, Shizuoka
Asking Price
¥600,000
Atami [Kinomiya] No. 10 - 1/8
1 / 8

Executive Summary

This is a 4th-floor unit in "Atami [Kinomiya] No. 10," a 9-story reinforced concrete (RC) resort condominium built in August 1974, located in Baiencho, Atami-shi, Shizuoka. Transport access is a 16-minute walk from Kinomiya Station on the Ito Line. The unit features a floor area of 27.1 sqm, a balcony area of 3.67 sqm, a 2K layout, and southeast-facing exposure. Facilities and equipment include air conditioning, a warm-water bidet toilet seat, hot water supply, an elevator, and 24-hour security, with access to a large hot spring bath, parking, free bicycle parking, and free motorcycle parking on the premises. The building contains 258 total units, was constructed by Kumagai Gumi, and is fully managed with an on-site manager. The land rights are ownership, and the property is situated in a Category I Medium-and-High-Rise Residential Zone. It is currently vacant and ready for immediate delivery. A convenience store is located 641 meters (a 9-minute walk) away.

Property Details

Building Area
27.1 ㎡
Layout
2K
2 bedrooms + kitchen
Structure
RC
Built Year
1974
Floors
Floor 4 of 9
Earthquake Std.
Old Seismic Standard
Transport
  • Kinomiya Station
    Ito Line
    Walk 16 min
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
Category 1 mid/high-rise residential zone

Costs besides the price

Other costs
上水道基本料: ¥2,616 per month
Other costs
下水道料: ¥2,827 per month
Other costs
食費: ¥40,730 per month
Other costs
メンバー年会費: ¥3,500 per year
Parking
Yes · Free
Hot spring
引込み済,共同 · 無料

Building management

Management type
Fully outsourced
Building manager
Live-in
Management company
中銀インテグレーション株式会社
Total units
258 units

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)
—
Net gain
¥-7,480,000
Gain on total investment -755.3%
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¥600,000¥-680,000¥-1,400,000-141.0%—
2yr¥600,000¥-1,350,000¥-2,070,000-209.3%—
3yr¥600,000¥-2,030,000¥-2,750,000-277.6%—
4yr¥600,000¥-2,700,000¥-3,430,000-345.8%—
5yr¥600,000¥-3,380,000¥-4,100,000-414.1%—
6yr¥600,000¥-4,060,000¥-4,780,000-482.3%—
7yr¥600,000¥-4,730,000¥-5,450,000-550.6%—
8yr¥600,000¥-5,410,000¥-6,130,000-618.8%—
9yr¥600,000¥-6,080,000¥-6,810,000-687.1%—
10yr¥600,000¥-6,760,000¥-7,480,000-755.3%—

Assumptions

  • Total investment ¥990,500 (price ¥600,000 + purchase costs ¥390,500)
  • Management fee and repair reserve: ¥704,400 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.)
¥390,500
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)¥10,000
Registration License Tax (title transfer)¥0
Stamp Duty (purchase agreement)¥500
Judicial Scrivener & Other Fees (est.)¥50,000

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.

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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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