Apartment Building Investment in Onojo City, Fukuoka
This is a four-unit apartment building located in Minamigaoka 5-chome, Onojo City, Fukuoka Prefecture. The property is currently fully occupied and operational, presenting an investment opportunity with an owner change. The building is a two-story, lightweight steel structure built in February 1987. The total land area is 335.63 sqm (approximately 101.52 tsubo), and the total building floor area is 198.58 sqm (approximately 60.07 tsubo). The layout consists of three 3DK units and one 2DK unit.
Renovations were carried out in May 2025, including the replacement of a standalone vanity in one second-floor unit, new floor tiles in the DK area of a second-floor unit, and work on the entrance threshold of a unit. The property includes parking for four vehicles. Access is available via bus from JR Kagoshima Main Line Onojo Station (14-minute bus ride plus 2-minute walk from Ono Minami Elementary School Mae stop) or from Nishitetsu Tenjin Omuta Line Shimo-Ori Station (18-minute bus ride plus 2-minute walk from the same bus stop). The neighborhood offers convenience with a supermarket, elementary school, park, convenience store, bank, and post office all within a short walking distance.
Special Notes/Remarks (Translated): *The yield is the ratio of annual rental income (including common area fees, etc.) to the sales price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the estimated rent and estimated yield are calculated based on market rent, adding rent for vacant units and assuming full occupancy. *Rental income is not guaranteed to be reliably obtained in the future. (As of the survey date: December 15, 2025)
Special Notes/Remarks (Translated): 【Other legal restrictions】・Building Standards Act Article 22 area / Height restriction 10m ・Exterior wall setback 1m / Minimum lot area 165 sqm. Currently leased (lease contract takeover required).
The property is in a Category I Low-Rise Exclusive Residential Zone within an urbanization promotion area. The current annual rental income is 2,122,200 yen (assuming full occupancy), with a current yield of 6.2% based on the asking price of 34,000,000 yen.
