Forum Kurume Mutsumon 505: A Compact Investment Apartment in Kurume
This listing presents a compact one-room apartment located on the 5th floor of the 7-story 'Forum Kurume Mutsumon' building in Kurume City, Fukuoka Prefecture. The property offers a dedicated floor area of 20.3 square meters (approximately 6.14 tsubo), measured wall-to-wall. A key feature of this unit is its balcony, providing a private outdoor space of 3.24 square meters.
The building itself is a reinforced concrete (RC) structure built in December 1989, making it approximately 36 years and 3 months old. Monthly management fees are 5,500 yen, with a reserve fund contribution of 4,000 yen. Additional monthly costs include water charges of 2,000 yen, a 24-hour support service for 660 yen, and a 'Magokoro Service' for 1,650 yen. The property is currently tenanted and is being offered as an investment opportunity with an owner change. The projected annual yield is 7.23%, with an estimated annual income of 351,720 yen. It is important to note that this yield is calculated before taxes and other necessary maintenance costs and does not guarantee the actual rental income.
The apartment is situated in the Hara Koga-cho district of Kurume. The area is well-connected, with Hanabatake Station on the Nishitetsu Tenjin Omuta Line approximately a 13-minute walk away. For those seeking a larger-scale attraction, the historic Kurume Castle grounds, featuring the Ishimon stone gate and peaceful gardens, are located within the city and offer a glimpse into the region's samurai past. This apartment represents a straightforward investment in a practical urban location.
