Investment Opportunity in Omuta: A Multi-Unit Apartment Building

This property presents a significant investment opportunity as a multi-unit apartment building for sale in Omuta City, Fukuoka Prefecture. The building is a two-story wooden structure built in January 1952, making it approximately 74 years old. It has a total floor area of 263.11 sqm (approx. 79.59 tsubo) situated on a land plot of 346.71 sqm (approx. 104.87 tsubo). The property is currently tenanted, offering an owner-change opportunity with an estimated annual yield of 4.2% and projected annual income of 504,000 yen.

Critical agent notes provide essential details. Regarding parking, there is a parking area with space for three light vehicles. The road access situation is detailed as follows: access is from one side (North) with an 8-meter wide public road, a frontage of 12.5 meters, and the road is paved.

The building's current occupancy status is mixed. The ground floor has a vacant unit that has been renovated. The second floor has two rooms, one of which is occupied and one vacant. The vacant unit on the second floor is currently being sought for office use but is in an unrepaired state; notably, it has a water leak and consequently has no bath available. A building that was located at the rear of the property was demolished at the end of last year, leaving that area as vacant land. The property includes a monthly parking space costing 5,500 yen.

Omuta City, located in the southern part of Fukuoka Prefecture, has a rich industrial history rooted in coal mining, which powered Japan's modernization. An interesting local fact is that the city is home to the former Miike Coal Mine, a UNESCO World Heritage site as part of the 'Sites of Japan’s Meiji Industrial Revolution'. The closest major landmark is the Omuta Station on the Nishi-Nippon Railroad (Nishitetsu) Tenjin Omuta Line, which is just a 5-minute walk from the property and provides a direct connection to Fukuoka City.