Investment Opportunity: Apartment Building with Detached House in Kitakyushu
This property presents a unique investment opportunity in Kitakyushu's Kokurakita Ward, consisting of a currently rented apartment building with a separate, older house included on the same plot. The listing is an owner-change property, offering a projected annual rental yield of 9.2% with an estimated yearly rental income of 720,000 yen. The current status of the five-unit apartment building shows two rooms are already tenanted, each generating 30,000 yen per month.
The land area is a substantial 514 square meters (approximately 155.48 tsubo), providing ample space. The main apartment building itself has a total floor area of 244.22 square meters (approx. 73.87 tsubo) and is a two-story structure built in December 1975, making it approximately 50 years old. The property includes plentiful parking space at no additional cost.
A key feature of this offering is the detached, two-story old house that comes with the land. Details of this house specify it is a steel-reinforced concrete construction with a total floor area of 139.1 square meters, featuring a 5LDK layout, and is 49 years old. The property is situated within an urbanization promotion area zoned as a Category I Medium-to-High-Rise Exclusive Residential District.
The area of Kokurakita Ward is a central part of Kitakyushu City, blending urban convenience with historical sites. A major nearby landmark is the impressive Kokura Castle, a historically reconstructed castle featuring a beautiful keep and traditional gardens, offering a glimpse into the region's samurai past. The property offers a solid investment with additional asset potential through the included older house.
