White Palace Tobata: A Corner Unit Apartment with High Rental Yield

This property is a one-room apartment located in the White Palace Tobata building in Tobata Ward, Kitakyushu City, Fukuoka Prefecture. The apartment is currently tenanted, generating a monthly rent of 32,000 yen, which translates to a high projected annual yield of 21.33% and an annual income of 384,000 yen. The asking price for this investment opportunity is 1.8 million yen.

The property features include city gas, cooling and heating systems, air conditioning, hot water supply, storage space, an indoor washing machine area, a balcony, an elevator, a bicycle parking area, and an on-site garbage disposal area. Special notes from the agent highlight that the apartment is a corner unit in a quiet residential neighborhood, with an exterior finished in tile.

The building itself is an 8-story reinforced concrete (RC) structure built in July 1991, making it approximately 34 years old. The apartment is on the 1st floor, has a wall-core exclusive area of 19.35 sqm (approximately 5.85 tsubo), and an east-facing balcony of 4.93 sqm. Monthly fees include 7,160 yen for management and 4,260 yen for the reserve fund. There are 45 units in total, and the property is under full entrusted management with an owners' association. Parking is not available with this unit.

The location offers excellent accessibility, being just a 10-minute walk from Tobata Station on the Kagoshima Main Line and an 18-minute walk from Kyushu Kōdai-mae Station. The area of Tobata is a historic part of Kitakyushu, an industrial city formed from the merger of five towns. An interesting local fact is that Tobata was once famous for its coal industry and is home to the modern Tobata Port, a key hub for the region's logistics. The closest major landmark is the iconic Kawachi Fujien (Kawachi Wisteria Garden), renowned for its breathtaking tunnels of vibrant wisteria flowers, located within a reasonable driving distance.