Income-Generating Apartment Building in Kasuya District
This property is a two-story lightweight steel-frame apartment building located at Chojabaru Higashi 3-chome in Kasuya-machi, Kasuya District, Fukuoka Prefecture. The building comprises a total of eight residential units, each with a 2DK layout and a dedicated area of approximately 40 square meters. The building was constructed in January 1994 and offers a total floor area of 320.3 square meters on a land area of 784.26 square meters. The land is a corner plot with a land area of approximately 237.23 tsubo.
The property is being sold as an owner-change (owner-occupied) investment opportunity. The current monthly rental income, including parking fees, is 455,000 yen, equating to an expected annual rental income of 5,460,000 yen. The projected gross yield based on the asking price is approximately 3.6 percent. Please note that this yield is calculated before deducting necessary expenses such as property taxes and management fees, and future rental income is not guaranteed. The land rights are freehold, and the zoning is designated as a Category 1 residential zone with a building coverage ratio of 60 percent and a floor area ratio of 200 percent. The property is within walking distance of Chojabaru Station on the Sasaguri Line (9 minutes on foot) and is conveniently located near a supermarket (5 minutes on foot) and an elementary school (10 minutes on foot). The transfer date is negotiable.
