For SaleCondominium

Sun Corpo Kemigawa A

Masago 5-chome, Mihama-ku, Chiba-shi, Chiba
  • Top floor
Asking Price
¥5,800,000
Est. Net Yield: 5.43%
Sun Corpo Kemigawa A - 1/2
1 / 2

Executive Summary

This is a 5th-floor unit in "Sun Corpo Kemigawa A," a 5-story RC condominium building built in March 1974, located in Masago 5-chome, Mihama-ku, Chiba-shi, Chiba. Transportation access includes a 13-minute walk from Kemigawahama Station on the Keiyo Line, a 15-minute walk from Shin-Kemigawa Station on the Sobu-Chuo Local Line, and a 16-minute walk from Kemigawa Station on the Keisei Chiba Line. The layout is 3DK, with a floor area of 57.5 sqm and a balcony area of 8.19 sqm, situated as a southwest-facing corner unit. Facilities include parking, bicycle parking (1,000 yen per year), and motorcycle parking (3,000 yen per year). Land rights are ownership, and the zoning is Category I Medium-to-High-Rise Residential Zone. The unit is currently tenanted, and delivery timing is negotiable. Nearby amenities include a convenience store 219m away (a 3-minute walk) and a commercial facility 866m away (an 11-minute walk). The total number of units is 49, managed under self-management with a resident manager, and a district heating and hot water base fee of 2,833 yen per month plus monthly usage fees is required.

Property Details

Building Area
57.5 ㎡
Layout
3DK
3 bedrooms + dining kitchen
Structure
RC
Built Year
1974
Floors
Floor 5 of 5
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥600,000
Transport
  • Kemigawahama Station
    Keiyo Line
    Walk 13 min
  • Shin-Kemigawa Station
    JR Chuo-Sobu Local Line
    Walk 15 min
  • Kemigawa Station
    Keisei Chiba Line
    Walk 16 min
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

Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Costs besides the price

Parking
Yes

Building management

Management type
Self-managed
Building manager
Live-in
Total units
49 units

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

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Within a published hazard area (expected flood depth under 0.5 m)Rivers: 勝田川
Storm surge
Within a published hazard area (expected flood depth 1–3 m)
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Very likely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization promotion area (designated for urban development)
Zoning (use district)
Category I mid/high-rise exclusive residential zone
Floor area ratio · Building coverage ratio
Floor area ratio 200% · Building coverage ratio 60%

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

検見川 (京成電鉄)
About 4,112 passengers per day (FY2023)About 910 m in a straight line
検見川浜 (東日本旅客鉄道)
About 28,938 passengers per day (FY2023)About 980 m in a straight line
新検見川 (東日本旅客鉄道)
About 40,844 passengers per day (FY2023)About 1,040 m in a straight line
Public elementary school district
真砂西小学校 (千葉市立)School districts are set by the municipality and may change.
Nearest elementary school
千葉市立検見川小学校About 580 m in a straight line
Nearest junior high school
千葉市立真砂中学校About 230 m in a straight line
Nearest high school
千葉県立検見川高等学校About 910 m in a straight line
Nearest university, junior college or technical college
東京歯科大学About 910 m in a straight line
Nurseries and kindergartens
Within 500 m: 6 / within 1 km: 17
Clinics
Within 500 m: 2

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 866 people
2050 (estimate)
about 795 people (-8.1% vs 2025)
Share aged 65 and over
26% → 35.2% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Commercial land · about 309 m
¥240,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+4.8% vs last year)
Residential land · about 334 m
¥202,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+6.3% vs last year)
Commercial land · about 338 m
¥242,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+4.3% vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

Nearby transactions

Overview (2025 Q1 – 2026 Q1)
203 records · median ¥266,667 per ㎡ (middle half: ¥173,030 – ¥387,083)Records for Masago 5-chome, Mihama-ku, Chiba-shi (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥13,000,000・65 ㎡・3LDK・built 1975Contract price information
2026 Q1
¥9,000,000・60 ㎡・3DK・built 1975Contract price information
2026 Q1
¥4,900,000・55 ㎡・2LDK・built 1976Contract price information
2026 Q1
¥5,000,000・55 ㎡・2LDK・built 1976Contract price information
2026 Q1
¥4,500,000・55 ㎡・2LDK・built 1976Contract price information

Records of actual transactions published by the Ministry of Land, Infrastructure, Transport and Tourism. They do not reflect individual circumstances such as floor, orientation or condition, and are not an evaluation of this property's price.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/15/2026

Location & Map

Investment Analysis

Gross Yield10.34%
Est. Net Yield5.43%

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
10.34%
Est. Net Yield
5.43%
If sold after 10 years (before tax)
Annual return (IRR)
4.3%
Net gain
+¥2,550,000
Gain on total investment +40.0%
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¥5,800,000+¥350,000¥-560,000-8.8%-8.8%
2yr¥5,800,000+¥690,000¥-220,000-3.4%-1.8%
3yr¥5,800,000+¥1,040,000+¥130,000+2.0%0.7%
4yr¥5,800,000+¥1,380,000+¥470,000+7.4%2.0%
5yr¥5,800,000+¥1,730,000+¥820,000+12.9%2.7%
6yr¥5,800,000+¥2,080,000+¥1,170,000+18.3%3.2%
7yr¥5,800,000+¥2,420,000+¥1,510,000+23.7%3.6%
8yr¥5,800,000+¥2,770,000+¥1,860,000+29.2%3.9%
9yr¥5,800,000+¥3,120,000+¥2,210,000+34.6%4.1%
10yr¥5,800,000+¥3,460,000+¥2,550,000+40.0%4.3%

Assumptions

  • Total investment ¥6,375,000 (price ¥5,800,000 + purchase costs ¥575,000)
  • Management fee and repair reserve: ¥220,800 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.)
¥575,000
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)¥100,000
Registration License Tax (title transfer)¥50,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥90,000

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.

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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.

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