Investment Opportunity: Nishimaruyama Terrace Apartment Building in Kitakyushu
Nishimaruyama Terrace presents a compelling investment opportunity as a four-unit apartment building located in Kitakyushu's Yahatahigashi Ward. This property is a two-story wooden structure built in October 1977, offering a total floor area of approximately 158.98 square meters (about 48.09 tsubo) on a land area of 68.31 square meters (about 20.66 tsubo). The land is freehold ownership (所有権) within a City Planning Area designated as Category I Residential Zone (第一種住居地域).
Key financial details highlight its potential. The property is listed at 9 million yen with an impressive projected annual yield of 22.2%, based on anticipated annual income of 1,999,200 yen. It is important to note that this yield calculation is before deducting taxes, public charges, and other necessary maintenance costs, and the projected rental income is not guaranteed. The building is currently fully tenanted, and the sale involves an owner change (オーナーチェンジ). There is no on-site parking, but monthly parking can be found in the neighborhood.
The location offers access via the Kagoshima Main Line, with Space World Station approximately a 22-minute walk away, Eda Station a 30-minute walk, and Yahata Station a 29-minute walk. The area is part of the dynamic city of Kitakyushu, a major industrial and cultural hub in Fukuoka Prefecture. An interesting local fact is that the nearby Space World Station was named after the now-closed Space World theme park, a former major tourist attraction focused on space exploration. Today, visitors to the region often explore the iconic Mojiko Retro district, a beautifully preserved historic port area with Western-style buildings from the Meiji and Taisho eras, offering scenic waterfront views and a unique glimpse into Japan's modernization.
