Investment Opportunity: Ueki Rental House in Nogata City
This property presents a compelling investment opportunity as a multi-unit apartment building, currently listed for sale. The Ueki Rental House is a two-story wooden structure built in October 1996, offering a total floor area of approximately 264.46 square meters (about 79.99 tsubo) distributed across three separate units. Each unit features a 1DK layout, providing a combined living, dining, and kitchen space. The property sits on a substantial land plot of 1,313.45 square meters (about 397.31 tsubo) in a flat, rectangular-shaped lot within a quasi-commercial zoning area.
According to the agent's notes, the property is equipped with propane gas, hot water supply, toilets, and an indoor space for placing a washing machine. The building is currently under tenancy, with one unit vacant at present. The seller provides an estimated annual yield of 9.52% based on projected annual income of 1,476,000 yen, with a potential maximum yield of 12.69% when fully occupied. The location offers good access, being within a 16-minute walk from Shinnyu Station on the Chikuhō Main Line and a 15-minute walk from Chikuzen-Ueki Station. On-site parking is available.
The property is situated in the Ueki district of Nogata City, Fukuoka Prefecture. The area is part of the historic Chikuhō region, known for its coal mining heritage. A notable landmark not far from Nogata is the Kawachi Wisteria Garden, famous for its breathtaking, multi-colored tunnels of wisteria flowers that attract visitors from across Japan and the world during the spring season.
