Excell NAO Wada 4-chome: A Well-Maintained Investment Apartment Building in Fukuoka

This property is a two-story wooden apartment building named "Excell NAO Wada 4-chome," located in a quiet residential area within the First Category Low-Rise Exclusive Residential Zone of Fukuoka City's Minami Ward. The building offers four rental units, each featuring a 2LDK layout with a generous private area of 52.72 square meters. All units are currently occupied, presenting an immediate income stream for an investor. The property includes parking spaces and underwent significant exterior renovations in September 2019, including roof and wall painting, ensuring it is in good condition.

Critical agent notes provide essential financial details. The yield is calculated as the ratio of annual rental income (including common area fees) to the sales price, before deducting taxes, public charges, and other necessary maintenance costs. The assumed rent and yield are calculated based on market rates, adding rent for any vacant units to assume full occupancy. It is important to note that rental income is not guaranteed to be reliably obtained in the future. Furthermore, in addition to the listed land area of 248.14 sqm, there is an additional ownership share of one-third in a 141 sqm forested area (according to the official register).

The location in Minami Ward offers convenient daily living. Supermarkets like Hi-Mart Miyake and Sunny Wakihisa are within a 10-15 minute walk. The area is also served by several local parks, including Wakihisa Park just a 4-minute walk away. For transport, access is provided via bus from Nishitetsu's Ohashi Station on the Tenjin-Omuta Line. The area is part of the vibrant Fukuoka metropolitan region, known for its rich food culture and historical sites like the nearby Fukuoka Castle ruins, a popular tourist attraction that offers panoramic views of the city and a glimpse into the region's samurai past.