Grace Nijoichi Ichibankan 306: An Investment Apartment in Dazaifu

This apartment, located in Dazaifu City, Fukuoka Prefecture, presents a turnkey investment opportunity. Currently tenanted, it generates a steady annual income of 396,000 yen from a monthly rent of 31,000 yen plus a 2,000 yen common service fee, yielding a surface return of 15.23%. The property is an owner-change transaction, meaning the sale includes the condition that the current management company continues its oversight.

The unit is a compact 1K layout with a wall-core area of 21.8 sqm (approximately 6.59 tsubo) and faces southeast, ensuring good sunlight. The property features a range of facilities and equipment, which have been translated from the agent's notes: Propane gas, air conditioning, water heating, IH cooking heater, indoor washing machine space, balcony, elevator, auto-lock, bicycle parking, motorcycle parking (outdoor), shoe box, and earthquake-resistant structure. Special notes include: Pets are not allowed, the unit has good sunlight, and it is situated in a quiet residential area. Parking remarks state: There are 11 total parking spaces, allocated on a first-come, first-served basis, and parking rights cannot be transferred to a new owner.