Green Hills II Apartment in Itoda, Fukuoka
This 3DK apartment for sale is located on the 6th floor of the 7-story Green Hills II building in Itoda Town, Fukuoka Prefecture. Built in November 1979, the property offers a wall-core exclusive area of 49.17 sqm (approximately 14.87 tsubo). The layout comprises a 6-tatami Japanese-style room, a 4.5-tatami Japanese-style room, a 5.1-tatami Western-style room, and a 6-tatami dining-kitchen (DK). The south-facing balcony measures 3.87 sqm, ensuring good sunlight.
Essential equipment and features include ample storage space, an indoor washing machine area, propane gas, hot water supply, an elevator, and a bicycle parking area. The building is a reinforced concrete (RC) structure with 63 units total and is under self-management with a daytime manager. A parking space is available for a monthly fee of 2,000 yen. The property is currently occupied, so interior viewings are not possible. The owner is willing to discuss pets.
Important financial notes have been provided. The net yield is 18.64%, inclusive of management fees, repair reserve fund, fire insurance premiums, and fixed asset taxes. The property is tenanted, generating an estimated annual rental income of 480,000 yen, resulting in a projected annual yield of 32%. The sale price is 1.5 million yen, with monthly management fees of 6,000 yen and monthly repair reserve fees of 6,000 yen.
The area of Itoda Town in Fukuoka's Tagawa District is part of the historic Chikuhō region, known for its coal mining heritage. A significant nearby landmark is the Kawara Inari Shrine, a famous site dedicated to the fox deity Inari, known for its vibrant red torii gates and serene atmosphere.
