Investment Opportunity: Four-Unit Apartment Building in Kurume's Convenient Kamizu Bypass Area

This property is a four-unit apartment building named "Crystal Rouge" located in the popular and convenient Kamizu Bypass area of Kurume City, Fukuoka Prefecture. The building, constructed in February 1979, is a two-story wooden structure with a total floor area of 134.97 sqm (approximately 40.82 tsubo) on a 140.03 sqm (approx. 42.35 tsubo) triangular plot of land. It offers a strong surface yield of 11.59% and is currently tenanted, presenting an immediate income opportunity for an investor seeking an owner change.

The property's equipment and facilities include propane gas, air conditioning, and separate bath and toilet units. A special note on road access details that the land fronts a public road on the southeast side, with a width of 3 meters, a frontage of 25 meters, and it is paved. Critical remarks from the agent have been fully translated: This is a reasonably priced apartment property in the very convenient Kamizu Bypass area. Within walking distance, there are many convenient facilities for daily life such as a Co-op F, Daiso, and TSUTAYA. The surface yield is 11.59%. A major renovation of all interior rooms was completed in 2016. Termite extermination and disinfection were also completed in 2016. A well water quality survey was conducted in January 2024 (no abnormalities). *Currently, well water is used for drinking water. *While a septic tank is in use, there is a sewer connection pipe on the premises (sewer beneficiary burden charge has been paid). Property running costs: Shared area electricity is approximately 52,000 yen/year; Septic tank management fee is approximately 25,000 yen/year; Fixed asset tax etc. for Reiwa 6 fiscal year is 43,583 yen.