Izumidai Heights: A Manageable Small Apartment Building in a Quiet Kitakyushu Neighborhood

Presenting Izumidai Heights, a compact three-unit apartment building offering an accessible entry point into property investment. Located in the quiet residential neighborhood of Izumidai 1-chome, Kokuraminami-ku, Kitakyushu City, Fukuoka Prefecture, this property is noted for its manageable scale, making it easy to oversee. The asking price is set at 5,000,000 yen, facilitating straightforward financial planning for potential investors.

The building, constructed in March 1971 (approximately 54 years and 12 months old), is a two-story wooden structure with a total floor area of 141.85 sqm (approximately 42.9 tsubo). It sits on a land plot of 175 sqm (approximately 52.93 tsubo) with an additional private road area of 1232 sqm (burden share: 1/10). The property is currently tenanted, providing an immediate and stable rental income stream, with an estimated annual revenue of 1,116,000 yen and a calculated yield of 22.32%. Each of the three units features a 1K layout. While the building itself has no dedicated parking, monthly parking is available in the vicinity.

The area is well-connected, with access to two JR lines. Both the Nippo Main Line and the Hita Hikosan Line are accessible via Minami-Kokura Station, approximately a 19-22 minute walk from the property. This offers convenient travel options within the region. For a day trip or a scenic escape, residents can easily visit the iconic Kokura Castle, a beautifully reconstructed castle in the heart of Kitakyushu, known for its historical significance and stunning seasonal gardens.