Investment Opportunity: Apartment Near Abe Mountain Park Station
This apartment presents a compelling investment opportunity in Kitakyushu City, Fukuoka Prefecture. The property is currently tenanted, generating a steady monthly rental income of 32,000 yen. Located just an 8-minute walk from JR Nippo Main Line's Abe Mountain Park Station, it offers excellent accessibility. The building itself is a 7-story reinforced concrete (RC) structure built in January 1992, featuring secure and convenient shared facilities.
The unit is a 1K layout with a total floor area of 24.08 sqm (approximately 7.28 tsubo) and includes an east-facing balcony measuring 4.2 sqm. The layout offers a separate bathroom and toilet, a vanity area, and space for a washing machine on the balcony. The building is equipped with air conditioning, an elevator, an auto-lock security system, a parcel delivery box, a bicycle parking area, and security features for peace of mind. Monthly management fees are 5,000 yen with a 6,000 yen reserve fund. Please note there is no dedicated car parking space with this unit.
The property is being sold with the tenant in place, offering an estimated annual yield of 16.84% based on projected annual rental income of 384,000 yen. It's important to note that this yield calculation is based on pre-tax and pre-maintenance cost figures and does not guarantee future rental income. The same type of unit on the first floor is also available for sale at the same price, presenting a potential bundled purchase opportunity, though individual sales are also possible.
