Investment Opportunity: Two-Household Apartment Building in Yanagawa City

This listing presents a two-household apartment building named "Corpo Egawa" located in Yanagawa City, Fukuoka Prefecture. The property is offered for sale at a price of 9.8 million yen. The building is a two-story wooden structure built in October 1994, with a total floor area of approximately 115.92 square meters (about 35.06 tsubo) situated on a land plot of 171.63 square meters (about 51.91 tsubo). The layout accommodates two separate households, and the property includes one free parking space.

Critical investment details from the agent's notes are as follows: The projected full-occupancy yield is 10.77%. This is a two-household apartment building. Last year, renovations were carried out on a vacant unit. An on-site viewing is also possible. We encourage you to take this opportunity to view the property.

The property is currently tenanted, offering immediate rental income for the new owner. It is located in a non-divided urban planning area with no specific use district designation. The land is flat and the building coverage ratio is 70% with a floor area ratio of 200%.

The area of Yanagawa is famously known as the "City of Water," renowned for its extensive network of historic canals, which visitors explore on traditional flat-bottomed boats called "donkobune." A major nearby tourist attraction is the stunning Yanagawa Ohana, a historic samurai residence and garden that offers a beautiful glimpse into the region's past, especially during the spring koi-nobori (carp streamer) festival.