Rare Property In Japan for Investment

2022 6/06

2022-06-06 2022-06-06

Hi everyone!

Today’s listing is an interesting one because the seller hasn’t decided a sale price yet.

Since a market price for same size in the same apartment, it is 4.7M~4.8M yen as shown below.

In order to get 10% net yield (annual rent income/sale price), I can try to negotiate the price starting from 3.5M yen so if you want to try at 3.5M yen please inquire me.

Please check the details below.

Name: Daina Court Liberty In Kurume (ダイナコートリバティーイン久留米）

Price: 3,500,000 Yen ≒ 26,795 USD

Size: 38.02 sqm ≒ 409 sqf

→ 65 usd/sqf

Address: 福岡県久留米市津福今町455-7

Google map: https://goo.gl/maps/16uKZWi7UQRQGYP68

Access: 9 mins walk to 津福 station

Structure: Steel and Reinforced Concrete

Land Rights: Freehold

Number of total units: 50

No.of Floor: 11F

Unit Floor: 5F

Unit Number:5xx

Built Year: March 1992

Building Management/Maintenance Fee: 11,700 yen/month

Type of unit: 1LDK

Size: 38.02 sqm

Balcony: Need to confirm

Facing: East

Occupancy: Tenanted

Rent: 43,000 yen/month

Other: Toilet and Bathroom separated, Space for washing machine in the room

(Detail of lease contract)

Need to confirm

(Photo)

Please click the link below to see some photos of other rooms in the same apartment for your reference↓

https://www.homes.co.jp/other/b-1288820002595/

(Layout)

(Map)

(Calculation table)

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.