Nishimachi Apartments: A Turnkey Investment Property in Iizuka City

This listing presents a unique investment opportunity: the Nishimachi Apartments, a two-building apartment complex in Iizuka City, Fukuoka Prefecture. Currently under owner change, this property offers immediate rental income with established tenants. The complex comprises a total of six units, all configured as 1K layouts. The first building is a two-story structure with a total floor area of 84.04 square meters (42.02 sqm per floor), containing four units. Of these, three are currently occupied, leaving one unit vacant. The second building is also two stories, with a total floor area of 43.12 square meters (first floor 22.90 sqm, second floor 20.22 sqm), containing two units, both of which are currently vacant.

Critical agent notes provide essential details. The equipment and facilities include a toilet, a separate bath and toilet, and storage space. The road access situation is detailed as one-sided, with a breakdown specifying a 4.8-meter wide public road to the north. The property is situated on a land area of 117.79 square meters. It was built in January 1986, making it approximately 40 years old, and features a wooden construction. The current rental income is generated at rates of 29,000 yen for three units and 18,000 yen for one unit. The property is located in a commercial zone within an unlined urban planning area.

The area of Iizuka City is rich in history, having been a major center for the coal mining industry during Japan's period of rapid industrialization. A notable landmark not far from the property is the Iizuka City Historical and Folklore Museum, which offers insights into the region's past. The apartments offer convenient access, being a 20-minute walk from Shin-Iizuka Station on the Chikuhō Main Line, connecting residents to the wider Fukuoka region.