Investment Opportunity: Two-Storey Apartment Building in Kurume City

This two-storey apartment building, located in Kurume City, Fukuoka Prefecture, presents a compelling investment opportunity with existing rental income. The property is currently tenanted, with the first floor leased at a monthly rent of 30,000 yen. The investment calculation is based on also leasing the second floor at a projected 40,000 yen per month. The building underwent significant exterior renovations in 2021 (Reiwa 3), including roof waterproofing and exterior wall painting, ensuring its condition is well-maintained.

The property's equipment and facilities include hot water supply, a toilet, a separate bath and toilet, and an indoor space for a washing machine. A special note regarding road access details that the property fronts a public road to the south with a width of 6.8 meters and a paved frontage of 7.2 meters.

With a total floor area of 105.68 sqm, the layout is listed as 2DK. It is important to note that while the second floor is configured as 2DK, the specific layout of the currently tenanted first floor is unknown. This offers potential for the new owner to renovate or remodel the space for personal use as a residence or office after the current lease concludes. The building is a reinforced concrete (RC) structure built in January 1971, situated on a 118.85 sqm plot of land. Parking is not available on-site.

The property is situated in a quiet residential area of Kurume, a city with a rich history of traditional kurume kasuri (splashed pattern) textiles. The area offers a blend of suburban calm and city access. A notable nearby landmark is the historic Kōra Taisha Shrine, one of the oldest and most significant Shinto shrines in Kyushu, known for its beautiful architecture and serene grounds.