Today’s listing is located in the center area of Fukuoka city.
Please compare the sale price with other sales in the same apartment below.
As you can see, the current rent is a little bit below the market rent, if the current tenant moves out, you would be able to get higher than the rent now.
Here is the one strategy that you buy this property at lower sale price with the current rent. In case the tenant moves out in the future, let’s try to get a higher rent and try to sell higher price than your purchase price!!
Please check the details below.
Name: Montore Tenijn (モントーレ天神）
Price: 6,800,000 Yen ≒ 59,641 USD
Size: 20.3 sqm ≒ 218.5 sqf
→ 272.96 usd/sqf
Google map: https://goo.gl/maps/sRLD1rWRMTQuTRwb7
Access: 6 mins walk to Watanabedori station (渡辺通駅）
Structure: Reinforced Concrete
Land Rights: Freehold
Number of total units: 201
No.of Floor: 14F
Unit Floor: 7F
Unit Number: #7xx
Built Year: Jan 1992
Building Management/Maintenance Fee: 5,750 yen/month
Other expense: 1,050 yen/month (Broad cast fee)
Type of unit: 1R
Size: 20.3 sqm
Balcony: 3.84 sqm
Rent: 40,000 yen/month
Other: Elevator, Auto-Lock, Space for washing machine, Toilet and Bath separated
(Detail of Lease contract)
Japanese male, 35 years old
The lease contrast has started on Nov 20th 2013 and it is 1 year renew.
Rent guarantee company: Yes, it is included in the lease contract
※rent guarantee company is a company that guarantees the rent instead if tenant fails to pay the rent.
Please click the link below to see some photos of other rooms in the same apartment for your reference
In the calculation table, you can see the rough total cost of purchasing a property and what kind of expense you need to pay for every month.
I mentioned about our property management in the calculation table. It is 5% of rent and included rent collection, basic tax handling, complaints handling.
If you are interested in this property, please inquire me as soon as you can!!
(My Youtube videos)
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