Akatsuki Heights: A Fully Occupied Investment Apartment Building in Chikushino

Akatsuki Heights presents a compelling investment opportunity in the sought-after city of Chikushino, Fukuoka. This four-unit apartment building is currently fully occupied, offering immediate rental income for the new owner. The property has undergone a recent price review and is now listed at 12.5 million yen, with a strong surface yield of 8.64%. The annual projected income is 1,080,000 yen. It is important to note that this yield is the ratio of the property's annual projected rental income to its acquisition cost before the deduction of taxes, public charges, and other necessary maintenance expenses, and does not guarantee the projected rental income will be obtained.

The building, constructed in April 1980, is a two-story wooden structure with a total floor area of 76.02 sqm (approximately 22.99 tsubo). Each of the four units features a compact 1K layout. The property sits on a land area of 78.82 sqm (approx. 23.84 tsubo) with full ownership rights. The land is zoned as Category II Residential District within the urbanization promotion area. The terrain is flat, and the site is rectangular. Parking is not available on-site. The fixed asset tax and city planning tax for the Reiwa 6 fiscal year amounted to 31,242 yen. Monthly association fees are 2,000 yen per unit, and the average monthly electricity cost is around 1,600 yen. The transfer of ownership can be arranged immediately.

The location is highly convenient, with Nishi-Tetsu Futsukaichi Station on the Nishi-Tetsu Tenjin Omuta Line just a 9-minute walk away. The area offers excellent access to Fukuoka City while providing a more residential atmosphere. A notable landmark near Chikushino is the ancient Dazaifu Tenmangu Shrine, a major Shinto shrine dedicated to the god of learning, which attracts millions of visitors annually for its beautiful plum garden and historical significance.