Investment Opportunity: Multi-Unit Apartment and House in Hirokawa, Fukuoka

This property presents a unique investment opportunity in the town of Hirokawa, Fukuoka Prefecture. It consists of a total of four units: a three-unit apartment building and a separate detached house, offering potential for rental income. The asking price is 11,000,000 JPY.

According to the detailed agent notes, the facilities include propane gas, hot water supply, a toilet, and a separate bath and toilet. Parking is available with space for up to four vehicles; however, the agent notes that the parking area is not divided into specific spaces, so there may be restrictions on vehicle type, and an on-site confirmation is required. The road access details specify access from the west via a 3.8-meter wide public road with a frontage of 4 meters.

Critical remarks from the agent provide essential context. The front road is a Category 2 road, but no setback is required for this land. The apartment section currently has two of its three units vacant and requires restoration work. The detached house is currently occupied, and restoration work will also be necessary after purchase. The projected rental income estimates 31,000 JPY per month for each of the three 2K layout apartments and 40,000 JPY for the 6DK detached house, forming the basis for the surface yield calculation. The official valuation for the 2025 fiscal year is 6,122,677 JPY for the land and 4,604,140 JPY for the building.

The property is located in a peaceful area of Fukuoka Prefecture. The region is known for its scenic countryside and traditional crafts. An interesting local fact is that the nearby Yame region is one of Japan's premier tea-producing areas, famous for its high-quality green tea. The closest major tourist attraction is the stunning Kawachi Wisteria Garden in neighboring Kitakyushu, renowned for its breathtaking tunnels of vibrant wisteria flowers, which draw visitors from across the globe.