White Palace Kitakyudai-mae: A Well-Located Apartment with Investment Potential

This property is a unit within the White Palace Kitakyudai-mae condominium, a substantial 149-unit building located in Kitakyushu City, Fukuoka Prefecture. The apartment is conveniently situated just an 8-minute walk from Kitakyushu Monorail's Hokuhō Station, offering excellent access to the city's transit network. The building itself is an 11-story reinforced steel and concrete (SRC) structure built in October 1989, ensuring solid construction.

The unit is a studio (one-room) layout with a wall-core exclusive area of 22.68 sqm (approximately 6.86 tsubo) and features a southwest-facing balcony measuring 5.44 sqm. Monthly management fees are a reasonable 2,600 yen with a reserve fund of 1,200 yen. According to the agent's notes, the property is equipped with air conditioning, a balcony, and the building has an elevator. A critical note from the agent states that the unit is currently rented out for a monthly fee of 30,000 yen.

This presents a clear investment opportunity, as the property is listed for sale with the tenant in place. The listing indicates an estimated annual yield of 17.14%, based on projected annual rental income of 360,000 yen against the purchase price. It is important to note that this yield calculation is before taxes and other necessary maintenance costs, and the projected rental income is not guaranteed. The property is under exclusive agency, and the current status is tenanted.

The area, Kokuraminami Ward in Kitakyushu, is a vibrant part of northern Kyushu. An interesting local fact is that Kitakyushu was formed in 1963 through the merger of five cities, making it a planned city designed for industrial and urban efficiency. For recreation, residents and visitors can easily travel to the iconic Kokura Castle, a beautifully reconstructed castle keep that serves as a museum and a symbol of the city's history, located within the wider Kitakyushu area.