Investment Opportunity: Mixed-Use Building Near JR Higashi-Fukuma Station
This property presents a compelling investment opportunity in a prime location. The building is a two-story, wood-constructed condominium with a total floor area of 98.24 sqm (approximately 29.71 tsubo). It features a clear and functional layout: the first floor is a commercial shop space, while the second floor is a residential unit. The property is currently fully occupied and generating stable rental income.
Critical details from the agent notes include the following translated information. Equipment/Facilities: Propane gas. Special Notes/Remarks: ◇ Land area 1578.91 sqm, share of land ownership right (5535/53156). ◇ Surface yield: 8.4%. ◇ Currently fully occupied and operational. Shop: monthly rent 60,000 yen; Residence: monthly rent 50,000 yen. ◇ Annual rental income 1.32 million yen (monthly 110,000 yen). ◇ This is a condominium building with ownership rights to the land, where the 1st floor is a shop and the 2nd floor is a residence. ◇ Self-managed (no management association). ※ No collection of reserve funds. ◇ Station-front location. 1-minute walk from JR Higashi-Fukuma Station. ※ The rental amounts are current figures. The yield is a simple yield calculation based on current or assumed full-occupancy rental income (total annual rental amount ÷ selling price (including tax) × 100%). It does not deduct necessary expenses such as taxes, public levies, or maintenance fees. It does not guarantee that the assumed annual rental income will be reliably obtained.
The property is situated in Wakagidai 1-chome, Fukutsu City, Fukuoka Prefecture, offering exceptional convenience just a one-minute walk from JR Higashi-Fukuma Station on the Kagoshima Main Line. This area provides easy access to the wider Fukuoka region. An interesting local fact is that Fukutsu City is known for its beautiful coastline, including the scenic Fukuma Beach, which is a popular spot for swimming and surfing. The closest major tourist attraction is the ancient Munakata Taisha Shrine, a UNESCO World Heritage site located a short drive away, which is part of a sacred island complex dedicated to sea deities.
With a construction date of March 1984 (approximately 41 years old), the building includes one free parking space. It is a self-managed property with no monthly management or reserve fees, making it a straightforward investment. The asking price is 15.7 million yen for a property generating an annual income of 1.32 million yen, resulting in a surface yield of 8.4%.
