Investment Opportunity: Studio Apartment in Fukuoka's Jonan Ward
This property is a studio apartment located in the Torikai district of Fukuoka City's Jonan Ward. It is currently tenanted and being offered as an owner-change property, meaning the new owner will take over the existing lease agreement. The apartment is situated on the third floor of a 12-story reinforced concrete building constructed in January 1992. The building has a total of 44 units.
The unit has a floor area of 23.73 square meters (approximately 7.17 tsubo) and features a studio layout. The balcony measures 3.85 square meters. The apartment faces north. The monthly management fee is 5,720 yen, and the monthly reserve fund for repairs is 8,476 yen. There is no parking available for this unit.
Regarding the financial aspects of this investment, the assumed annual rental income is 468,000 yen, which gives a gross yield of 7.8%. The yield is calculated based on the annual rental income (including common area fees) against the sale price, before deducting property taxes and other necessary maintenance costs. The assumed rent and yield are calculated based on market rent levels and assume full occupancy by adding estimated rent for vacant periods. Please note that rental income is not guaranteed to be consistently received in the future.
The property is located just a 4-minute walk from Befu Station on the Nanakuma Subway Line. The neighborhood offers convenient access to daily amenities. A Sunny supermarket is about 200 meters away (a 3-minute walk), and a convenience store is approximately 80 meters away (a 1-minute walk). The Torikai Minami Park is about 180 meters away. The building is equipped with an auto-lock system and a TV monitor intercom for security. The property is managed by (Inc.) Okano Management, with a full-time management contract and daily onsite staff. The land is under freehold ownership (divided ownership). The delivery date is negotiable.
