Overview of Montoore Nakagawa Keyaki Touri (モントーレ那珂川けやき通り)
Montoore Nakagawa Keyaki Touri (モントーレ那珂川けやき通り) is a 24-year-old condominium located at Nakagawa Shi Imamitsu 8 Choume 5-1 (那珂川市今光8丁目5-1), Fukuoka, Japan. Built in 2002, it comprises 65 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,580〜2,698万円 (approx. $105,333–$179,867 USD at ¥150/$).
Unit sizes range from 75.4–87.4 sqm (812–941 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nakagawa Shi Imamitsu 8 Choume 5-1 (那珂川市今光8丁目5-1), Fukuoka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 65 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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