Compact Investment Apartment in Kitakyushu
This property is a compact 1DK apartment for sale, located on the first floor of a six-story reinforced concrete (RC) building constructed in May 1978. The unit has a private floor area of 18.88 square meters (approximately 5.71 tsubo) with a southeast-facing balcony. The building is equipped with an elevator and features a dedicated space for a washing machine inside the apartment.
The property is currently tenanted, generating a projected annual rental income of 300,000 yen, which results in a projected annual yield of 22.22%. The monthly running costs include a 4,000 yen management fee and an 11,000 yen repair reserve fund. There is no parking available with this unit. The balcony area is unspecified. The building is under self-management by the condominium association, with no on-site manager present.
Located in Kitakyushu City's Kokurakita Ward, the apartment offers convenient access to public transport, being just a 4-minute walk from the Kaigaguchi Mihagino Station on the Kitakyushu High-Speed Railway. The property is situated within a commercial zone.
