ALFACIO SOUTH FONTE - A Modern 1LDK Investment Apartment in Hakata Ward

This property is a 14th-floor unit within the ALFACIO SOUTH FONTE condominium, located in Motomachi, Hakata Ward, Fukuoka City. Constructed in October 2017, the building is a 14-story reinforced concrete structure with a total of 104 units. The apartment offers a 1LDK layout with a floor area of 31.27 square meters and a balcony of 7.02 square meters. The unit faces northeast and features a walk-in closet as well as an auto-lock system for security.

The property is currently tenanted under an ongoing lease agreement that the new owner would need to assume. The annual estimated rental income at full occupancy is 912,000 yen, providing a projected yield of 4.3%. It is important to note that this yield is calculated as the ratio of annual rental income to the sale price, before deducting property taxes, public dues, and other necessary maintenance costs. The estimated rent and yield are based on market rates and assume full occupancy; future rental income is not guaranteed.

Monthly costs for the property include a management fee of 4,300 yen and a reserve fund for repairs of 2,000 yen. The building is managed by Ace Building Management Co., Ltd. under a full management contract with a patrol-style building manager. The land is under freehold ownership (condominium ownership rights).

The location offers excellent convenience. JR Kagoshima Main Line's Minami-Fukuoka Station is a three-minute walk from the property. Nearby amenities include a MaxValu Express supermarket (three minutes on foot), a FamilyMart convenience store (one minute away), and a Cocokara Fine pharmacy (three minutes away). The property is situated in a well-established residential area of Hakata Ward.