Kikuya Mansions: A 49-Year-Old RC Apartment Building with High Yield Potential in Omuta

This property is a reinforced concrete (RC) apartment building located in Torizuka-cho, Omuta City. Built in August 1976, making it approximately 49 years and 7 months old, this six-unit building presents a compelling opportunity for investment-focused buyers. The property is currently fully tenanted, and the projected yield at full occupancy is an attractive approximately 20%.

The building spans two stories above ground with a total floor area of 333.14 square meters (approximately 100.77 tsubo). It sits on a land plot of 469.43 square meters (approximately 142 tsubo) with ownership rights. The property is equipped with propane gas. One parking space is available for tenants at a monthly fee of 6,000 yen. The location is within a City Planning Area, specifically zoned as a Category I Residential District, with a building coverage ratio of 60% and a floor area ratio of 200%.

The area of Omuta in Fukuoka Prefecture has a rich industrial history, once being a major center for coal mining and chemical production. Today, it is known for its cultural heritage and natural hot springs. A notable nearby landmark is the Omuta Coal Industry and Science Museum, which offers insights into the region's pivotal role in Japan's modernization. The property offers convenient access via public transport, being a 15-minute walk from Shin-Eimachi Station on the Nishi-Nippon Railroad (Nishitetsu) Tenjin-Omuta Line.