Investment Opportunity: Solaré Kushihara Apartment Building in Kurume
Presenting Solaré Kushihara, a two-story wooden apartment building located in Kurume City, Fukuoka Prefecture. This property is offered as a complete building sale and represents a turnkey investment opportunity, currently fully tenanted. The building was constructed in March 1977 and comprises four separate 2K layout units, each with a private area of 25.00 square meters. The total building floor area is 121 square meters, situated on a land plot of 139.83 square meters.
Critical agent notes have been translated for full disclosure. The property's equipment and facilities include propane gas, air conditioning, hot water supply, toilet, separate bath and toilet, shower, and storage space. Special notes on road access detail that the property fronts a single road to the north: a 3-meter wide public road without pavement. A crucial remark states that the property is subject to a "no-rebuild" restriction. The projected annual income at full occupancy is 1,488,000 yen, with a projected yield of 12.4%.
The location offers excellent convenience, being just a 5-minute walk from Kushihara Station on the Nishitetsu Tenjin Ōmuta Line, providing direct access to central Fukuoka. The area is within the Kurume City urban planning area, zoned as Category 1 Residential. The property is ready for immediate transfer to a new owner seeking a stabilized rental income stream.
The surrounding Kurume area is known for its historical significance in the textile industry, particularly for its traditional Kurume Kasuri (splashed pattern) cotton. A major landmark not far from the property is the Kurume Suitengu, a famous shrine dedicated to safe childbirth and child welfare, which attracts many visitors throughout the year.
