WI Building: A Turnkey Investment Property in Kitakyushu

This property presents a compelling investment opportunity in the form of the WI Building, a multi-unit commercial/residential building located in Kitakyushu's Yahata Nishi Ward. Currently fully tenanted, it offers immediate rental income and is marketed as an ideal first investment property. The building is an owner-change property, meaning it is being sold by the current owner, and comes with a projected annual gross yield of 12.75%, based on annual scheduled rental income of 2,196,000 yen.

The building itself is a two-story steel structure built in December 1977. It has a total floor area of 234.94 sqm (approximately 71.06 tsubo) spread across three units. The listed unit layout is 2DK. The land area is 169.09 sqm (approx. 51.14 tsubo) and is designated as residential land within a Category II Low-Rise Exclusive Residential Zone. The property does not include dedicated parking facilities. According to the agent's notes, the equipment and facilities include hot water supply, a toilet, and a shower. A critical detail from the special notes regarding road access specifies: 'One side [Breakdown] ● Southwest width 9.5m public road frontage 14m.'

The property is situated in the Hoshiwa-cho district, a short walk from key transportation links. It is an 11-minute walk to Honjo Station on the Chikuhō Main Line, providing convenient access. The area is served by the local Akasaka Elementary School and Orio Junior High School. For those interested in local culture and history, a notable landmark within a reasonable distance is the Kawachi Reservoir and its surrounding parkland, a popular scenic spot for walking and enjoying seasonal foliage, located a short drive or train ride away in the neighboring city.