Grace Nijiichi Ichiban-kan: A Compact Investment Apartment in Dazaifu
This listing presents a second-floor apartment in the Grace Nijiichi Ichiban-kan building, located in Dazaifu City, Fukuoka Prefecture. The property is a 1K layout with a private floor area of 19.8 square meters (approximately 5.98 tsubo). The building itself is a reinforced concrete (RC) structure built in March 1991, making it approximately 34 years old. It is a four-story building with a total of 39 units. The apartment is currently tenanted, offering an immediate investment opportunity with an estimated annual yield of 16.36% and projected annual income of 360,000 yen. Please note that this yield is calculated before taxes and necessary maintenance costs and does not guarantee the projected rental income.
According to the agent's notes, the apartment's equipment includes propane gas and a water heating system. The property features a south-east orientation and is situated within the Minami Higashi elementary school district. Monthly fees include a management fee of 9,850 yen and a reserve fund contribution of 5,450 yen. There is no dedicated parking space included with this unit. The building is under full entrusted management by a management association, with巡回 (rotational) caretaker service provided by Tokyu Community Co., Ltd.
The location is highly convenient, being just an 8-minute walk from Nishitetsu Nijiichi Station on the Nishitetsu Tenjin Omuta Line. This provides excellent access to central Fukuoka. The area is rich in history and culture. Dazaifu is famously home to the Dazaifu Tenmangu Shrine, one of Japan's most important Shinto shrines dedicated to the god of learning, attracting millions of students and tourists annually. The property offers a practical base for exploring this historic city while serving as a solid rental investment.
