Karihara Apartment: A High-Yield Investment in Kurume's Quiet Residential Area

Presenting the Karihara Apartment, a compelling investment property located in the serene Kokubumachi area of Kurume City. This wooden two-story building, constructed in October 1966, offers a total of four units, each featuring a spacious 3DK layout. The property is currently fully tenanted, presenting an immediate income stream with a projected annual yield of 12.74% based on an estimated annual income of 1,656,000 yen. It is important to note that this yield calculation is based on gross rental income before taxes and maintenance costs and does not guarantee future rental income.

The property's facilities include propane gas, hot water supply, a toilet, and a separate bath and toilet. A critical feature of the land is its corner lot position with detailed road frontage: to the northeast, it fronts a 4-meter wide public road for 7.4 meters, and to the northwest, it fronts a 4-meter wide public road for 17.4 meters. Both frontages have designated building lines and are paved. The land itself is a flat, rectangular plot covering 172.21 sqm (approximately 52.09 tsubo), with a total building floor area of 253.04 sqm (approximately 76.54 tsubo). The property is situated within a City Planning Area, zoned as Category I Medium-to-High-Rise Exclusive Residential, with a building-to-land ratio of 60% and a floor area ratio of 200%.