For SaleCondominium

Highness Iruma Gardenia

Kamikoyata 1-chome, Iruma-shi, Saitama
  • Corner unit
  • Private garden
Asking Price
¥4,000,000
Est. Net Yield: 9.21%
Highness Iruma Gardenia - 1/5
1 / 5

Executive Summary

This 1st-floor unit is in Highness Iruma Gardenia, a 5-story steel-framed condominium built in November 1976, located in Kamikoyata 1-chome, Iruma-shi, Saitama. Transportation access is a 10-minute bus ride and a 6-minute walk from Irumashi Station on the Seibu Ikebukuro and Toshima Lines, or a 28-minute walk from Bushi Station on the Seibu Ikebukuro and Toshima Lines. The unit features a floor area of 54.3 sqm with a 3DK layout and is a southwest-facing corner unit, accompanied by a 7.98 sqm balcony and a 23.77 sqm private garden. Amenities include storage in all rooms, city gas, and hot water supply, and there is a park on the premises. The land rights are ownership, and the zoning is Category I Mid/High-Rise Residential Zone. The property is currently rented, and handover is open for consultation. Surrounding facilities include a convenience store (201m, 3-minute walk), a commercial facility (347m, 5-minute walk), and an elementary school (671m, 9-minute walk).

Property Details

Building Area
54.3 ㎡
Layout
3DK
3 bedrooms + dining kitchen
Structure
Steel
Built Year
1976
Floors
Floor 1 of 5
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥600,000
Transport
  • Bushi Station
    Seibu Ikebukuro / Toshima Line
    Walk 28 min
  • Irumashi Station
    Seibu Ikebukuro / Toshima Line
    Bus 10 min + 6 min walk
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
10,620.0 ㎡
Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
ハイネス管理株式会社
Total units
50 units

Utilities & nearby

Gas
City gas
To elementary school
about 671 m
To junior high school
about 1175 m

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

Location & Map

Investment Analysis

Gross Yield15%
Est. Net Yield9.21%

Based on the rent under the current lease.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
15.00%
Est. Net Yield
9.21%
If sold after 10 years (before tax)
Annual return (IRR)
7.9%
Net gain
+¥3,310,000
Gain on total investment +73.6%
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¥4,000,000+¥410,000¥-420,000-9.3%-9.3%
2yr¥4,000,000+¥830,000¥-0-0.1%0.0%
3yr¥4,000,000+¥1,240,000+¥410,000+9.1%3.2%
4yr¥4,000,000+¥1,660,000+¥830,000+18.4%4.9%
5yr¥4,000,000+¥2,070,000+¥1,240,000+27.6%5.9%
6yr¥4,000,000+¥2,490,000+¥1,660,000+36.8%6.6%
7yr¥4,000,000+¥2,900,000+¥2,070,000+46.0%7.1%
8yr¥4,000,000+¥3,320,000+¥2,480,000+55.2%7.4%
9yr¥4,000,000+¥3,730,000+¥2,900,000+64.4%7.7%
10yr¥4,000,000+¥4,150,000+¥3,310,000+73.6%7.9%

Assumptions

  • Total investment ¥4,501,000 (price ¥4,000,000 + purchase costs ¥501,000)
  • Management fee and repair reserve: ¥152,400 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.)
¥501,000
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)¥70,000
Registration License Tax (title transfer)¥30,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥70,000

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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