Investment Property in Iizuka City, Fukuoka: Fully Renovated Family Apartment Building
This investment property is a steel-framed, three-story apartment building located in Aida, Iizuka City, Fukuoka Prefecture. Built in 1981, the building has a total floor area of 691.89 square meters on a land area of 594.89 square meters. The property is currently operating with 11 out of 12 units tenanted, providing a stable monthly income of approximately 423,000 yen (including rent, common area fees, and parking fees), totaling 5,076,000 yen annually. At full occupancy, the projected annual income is 5,496,000 yen. A major renovation costing 15 million yen has been completed, including the one vacant unit which has also been renovated. Each unit is a 3DK layout with 68 square meters, making them suitable for families. The property includes parking for 12 cars. The asking price is 53 million yen (tax included). This property is being sold as-is, based on a public register survey.
