Investment Opportunity: 2K Four-Unit Apartment Building in Kurume, Fukuoka
This listing presents a four-unit apartment building currently undergoing an owner change, offering a potential investment opportunity in Kurume City, Fukuoka Prefecture. The property consists of four 2K layout units, with one unit currently vacant. Based on the current status, the projected annual rental income is 1,488,000 yen, with a projected gross yield of 12.4% when fully occupied. It is important to note this yield calculation is based on gross annual rental income against the property price before deducting taxes, public charges, and other necessary maintenance costs, and does not guarantee the projected rental income will be achieved.
The building itself is a two-story wooden structure built in March 1977, making it approximately 48 years old. The total floor area is 121 square meters (approx. 36.6 tsubo), situated on a land plot of 139.83 square meters (approx. 42.29 tsubo). The land is designated as residential land within a Category I Residential Zone in an urbanization promotion area. A critical note is that the property, in its current state, cannot be rebuilt. The road access situation is detailed as one-sided. The breakdown specifies access from the north with a road width of 3.2 meters and a frontage of 2.5 meters. The property does not include dedicated parking facilities.
The area is conveniently located within a 5-minute walk from Kushihara Station on the Nishitetsu Tenjin Omuta Line, providing direct access to central Fukuoka. The neighborhood is served by Kurume City Minamikun Elementary School and Kurume City Kushihara Junior High School. For inquiries, the handling shop's email address is: [email protected].
Kurume is a historic city in southern Fukuoka, known for its traditional Kurume Kasuri (splashed pattern) textiles. A major landmark near the city is the serene Kora Taisha Shrine, one of the oldest Shinto shrines in Kyushu, famed for its beautiful architecture and extensive grounds, offering a peaceful retreat from urban life.
