Anen Ko-po: An Investment Apartment Building in Fukuoka's Countryside
Presenting Anen Ko-po, a two-story wooden apartment building located in the peaceful town of Hirokawa, Fukuoka Prefecture. This property represents a turnkey investment opportunity, currently generating a steady monthly rental income. Of the six total one-room units, three are currently tenanted, providing a combined monthly revenue of 90,000 yen, which translates to an impressive estimated annual yield of 11%.
The building itself was constructed in January 1996, and its exterior received a significant upgrade with the exterior walls and roof being repainted in 2019 (Reiwa 1/Heisei 31). The property's facilities include propane gas, air conditioning, separate bath and toilet, storage space, and loft areas. A critical note for potential redevelopment is that the front road width is 3.6 meters, which may require consultation with authorities for any future rebuilding plans. It is also important to note that the building has developed a slight tilt due to past seismic activity. The 'Anen Ko-po' signboard is scheduled for removal upon sale.
The property sits on a land area of approximately 163.35 square meters (about 49.41 tsubo) and has a total building floor area of 119.24 square meters (about 36.07 tsubo). It is situated in a non-divided urban planning area with no specific use district designation. The current status is tenanted, and the sale represents an owner change opportunity. The transfer timing is negotiable.
The area of Hirokawa in Fukuoka is known for its serene, rural landscapes and traditional crafts. An interesting local fact is that the town is part of the larger Yame region, which is nationally famous for producing some of Japan's highest-quality green tea. The closest major tourist attraction is the stunning Yame Central Tea Garden, one of the largest and most picturesque tea plantations in the country, offering breathtaking views and insights into Japan's tea culture.
