White Palace Tobata: A High-Yield Investment Apartment in a Quiet Residential Area
This property is a one-room apartment located on the 5th floor of the 8-story White Palace Tobata building in Tobata Ward, Kitakyushu City. Currently tenanted, it offers a significant investment opportunity with a high annual yield of 21.33% and a current monthly rent of 32,000 yen, generating an annual income of 384,000 yen. The purchase price is 1.8 million yen.
The apartment features a wall-core exclusive area of 19.76 sqm (approximately 5.97 tsubo) and includes a 3.68 sqm east-facing balcony. The building, constructed in July 1991 (34 years and 8 months old), is a reinforced concrete (RC) structure with 45 total units. Monthly fees include 7,310 yen for management and 4,350 yen for the reserve fund. The property is situated in a quiet residential neighborhood and features a tile-clad exterior.
Key equipment and facilities include city gas, cooling, heating, air conditioning, hot water supply, storage space, an indoor washing machine area, a balcony, an elevator, a bicycle parking area, and a garbage disposal area within the premises. The property is under full entrusted management with an owners' association and has a巡回 (rotating) superintendent.
The area of Tobata in Kitakyushu is a historic industrial and port district that has been revitalized into a pleasant residential zone. An interesting local fact is that Kitakyushu was formed in 1963 through the merger of five independent cities, including Tobata, making it one of Japan's first designated major cities. The closest major landmark is the iconic Kawachi Reservoir, a popular scenic spot known for its beautiful cherry blossoms and walking paths, located a short drive away.
