Investment Opportunity: Co-op Tenryo Apartment Building in Omuta
This listing presents a solid investment opportunity with the Co-op Tenryo apartment building located in Omuta City, Fukuoka Prefecture. The property is a two-story wooden structure built in September 1976, offering a total floor area of 198.74 sqm (approximately 60.11 tsubo) across six units. The current layout is a 2K configuration, and the building is situated on a generous land plot of 306.87 sqm (approx. 92.82 tsubo). The property is currently tenanted, with two units occupied and generating rental income of 30,000 yen per month, providing immediate cash flow for a new owner.
Critical agent notes provide essential details. The property's equipment includes propane gas and separate bath and toilet facilities. Special notes on road access detail that the land fronts a public road on its eastern side. The breakdown is as follows: East side, road width 6.5 meters, public road, frontage of 18 meters, and the road is paved.
The property is located in a quiet residential zone designated as Category I Exclusive Residential Area within the urbanization promotion area. It features a flat, rectangular plot with a building-to-land ratio of 60% and a floor area ratio of 200%. Parking is available for one vehicle at no extra cost. The transfer of ownership is negotiable, and the property is noted as being suitable for reconstruction. Important conditions include that the property is currently under lease, and a change of owner is permissible. Commercial uses such as restaurants are not allowed.
Omuta City, in southern Fukuoka, is a historic coal-mining city that has transformed into a community with rich cultural heritage. An interesting local fact is that the city is home to the iconic Miike Coal Mine, a UNESCO World Heritage site as part of the 'Sites of Japan’s Meiji Industrial Revolution'. The area offers a blend of historical significance and natural scenery. The closest major tourist attraction is the stunning Takachiho Beach, known for its unique rock formations and serene coastal views, providing a picturesque escape not far from the city.
