Apartment Building in Fukuoka City, Minami Ward
This reinforced concrete apartment building, constructed in July 1975, is located in the Ijiri 4-chome area of Minami Ward, Fukuoka City, Fukuoka Prefecture. The property offers a total floor area of 307.86 square meters on a land plot of 151.36 square meters. The building comprises five residential units, one shop space, and one parking space. The layout includes five 1K units, one 4DK unit, and one shop unit. Currently, three 1K units, the shop, and the parking space are generating rental income.
The property is situated within a 9-minute walk from Ijiri Station on the Nishitetsu Tenjin Omuta Line and a 12-minute walk from Sasabaru Station on the Kagoshima Main Line, providing access to two or more train lines. A supermarket is within a 10-minute walk. The building faces a public road to the north with a width of approximately 10.2 meters. The site also has a separate road frontage on the east side, approximately 4.0 meters wide, for the shop and parking, with a frontage of about 5.5 meters. The gas supply is separate: the first-floor shop uses individual propane gas, while the second and third floors use city gas. There is an unregistered portion of the property. The annual gross rental yield based on the current situation is 8.7%, with annual rental income of 2,442,000 yen. This yield is calculated before deducting property taxes and other maintenance expenses.
