Investment Property: Kuga Building in Kasuga City
This is a reinforced concrete apartment building located at 7-chome Okamoto, Kasuga City, Fukuoka Prefecture. The property, known as Kuga Building, offers a total floor area of 442.65 square meters on a land size of 219.51 square meters. Constructed in January 1988, the building stands four stories tall and comprises six residential units and one warehouse unit. Each unit ranges from 106.24 to 117.21 square meters, featuring a 4LDK layout. The property is currently tenanted and is being sold as an owner-change property, with all units occupied as of April 10, 2026.
The building features a reinforced concrete structure (RC造) and sits on a north-facing road approximately 11.7 meters wide and a west-facing road approximately 3.9 meters wide. The land is zoned as a Category 2 Medium-to-High-Rise Residential District with a building coverage ratio of 60% and a floor area ratio of 150%. The property has ownership rights and the land is designated as residential land. No parking is available on site.
The annual estimated rental income at full occupancy is 4,713,120 yen, yielding an estimated return of 8.2%. The yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes and other property maintenance costs. It is important to note that the estimated rent and yield are based on market rent levels and assume full occupancy by adding rent for vacant units. There is no guarantee that rental income will be consistently obtained in the future. The property is currently under lease, and the lease agreement must be taken over by the new owner.
Recent repair history includes a water tank cleaning in September 2025, exterior wall painting from November 2023 to January 2024, and rooftop waterproofing from June to July 2023. The property is conveniently located approximately 500 meters from a Sunny supermarket (7-minute walk), 220 meters from a Seven-Eleven convenience store (3-minute walk), and 450 meters from the Nukoku no Oka Historical Park (6-minute walk). The nearest elementary school is Kasuga Kita Elementary School, about 60 meters away, and Kasuga Kita Junior High School is approximately 1,120 meters away. Access to public transportation includes a 16-minute walk to Minami-Fukuoka Station on the Kagoshima Main Line, or an 11-minute bus ride from Ijiri Station on the Nishitetsu Tenjin Omuta Line plus a 6-minute walk from the Suguku stop.
