Fujii Apartment: A Well-Positioned Investment Apartment Building in Kitakyushu
This property is a two-unit apartment building named Fujii Apartment, located in Kitakyushu City's Yahatahigashi Ward. The building was constructed in December 1974, making it approximately 51 years old, and features a wooden structure. It is currently tenanted, presenting an investment opportunity with an estimated annual yield of 15.00% and projected annual income of 726,000 yen. The total floor area of the building is 64.8 square meters (approximately 19.6 tsubo), situated on a land plot of 82.64 square meters (approximately 24.99 tsubo). The property is within a City Planning Area, specifically designated as a Category I Medium-to-High-Rise Exclusive Residential Zone, with a building-to-land ratio of 200% and a floor area ratio of 60%.
Critical agent notes provide essential details. The road access situation is detailed as one-sided, with specifics: West side, width 6.4m, public road. Important remarks include: The property is within a Land Readjustment and Construction Work Regulation Zone. The surrounding area is near Kyushu International University High School and Edamitsu Elementary School, in a quiet residential neighborhood. The Outlets Kitakyushu (located on the former Space World site) is a 9-minute bicycle ride away. Furthermore, due to a retaining wall on the west side where a height difference occurs, measures such as repair or replacement of the retaining wall based on ordinances may be necessary during reconstruction. The property comes with a management condition (designated management company: Sanwa Estate Co., Ltd.).
The apartment is conveniently located just a 7-minute walk from Edamitsu Station on the Kagoshima Main Line, offering excellent access to the wider Kitakyushu and Fukuoka metropolitan area. The local area is a peaceful residential district, yet within easy reach of major amenities. An interesting local fact is that the nearby THE OUTLETS KITAKYUSHU retail complex was built on the site of the former Space World theme park, which operated from 1990 until its closure in 2017. The closest major landmark is the iconic Kawachi Fujien Wisteria Garden, famous for its breathtaking tunnels of vibrant wisteria flowers, located within a reasonable drive from the property.
