Investment Apartment Building in Fukuoka City's Minami Ward
This property is a six-unit apartment building located at 7-chome, Hibarigaoka, Minami Ward, Fukuoka City, Fukuoka Prefecture. The building is a two-story wooden structure constructed in November 1988, offering a total floor area of 238.14 square meters on a land area of 482.64 square meters. An additional private road area of approximately 16 square meters is included. The layout for each unit is 1LDK.
This is an owner-change property, meaning it is being sold with existing tenants in place. Currently, all six units (three on the first floor and three on the second floor) are occupied. The current monthly rent income is 276,500 yen, resulting in an annual rent of 3,318,000 yen and a current yield of approximately 10.3%. Please note that the yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, before deducting taxes, public dues, and other costs necessary for maintaining the property. The assumed rent and yield figures are based on market rent levels and assume full occupancy. There is no guarantee that rental income will be consistently obtained in the future.
The property is located within a first-class residential zone in an urbanization promotion area. The building coverage ratio is 60% and the floor area ratio is 200%. The land is zoned as residential land with ownership rights. The property fronts a public road of approximately 5.9 meters to the west and approximately 3.4 meters to the east. There is no parking available. The property is currently under a rental agreement which will be transferred to the new owner. The handover date is negotiable.
