Investment Opportunity: Four-Unit Apartment Building in Yanagawa City

This property presents a solid investment opportunity as a four-unit apartment building located in Yanagawa City, Fukuoka Prefecture. The building, constructed in July 1970, is a two-story light-gauge steel structure with a total floor area of approximately 101 square meters (30.55 tsubo). The land area is a generous 380.41 square meters (115.07 tsubo). The current layout is a 2K configuration, and the building is situated in a Category I Residential Zone within an unlined urban planning area.

Critical agent notes provide essential details. The equipment and facilities include propane gas, hot water supply, a toilet, a separate bath and toilet, and storage space. Special notes on road access detail that the property fronts on one side, specifically to the east, with a 2.5-meter wide paved road. The remarks clarify that this is a property for sale, and of the four units, three are currently occupied by tenants.

The property offers an estimated annual yield of 6.64%, with projected annual income of 996,000 yen, making it an attractive option for an owner-change investment. It includes parking facilities and is currently fully tenanted. The location is highly convenient, just a 5-minute walk from Nishitetsu Yanagawa Station on the Nishitetsu Tenjin Omuta Line, providing easy access to Fukuoka City.

The area of Yanagawa is famously known as the "City of Water," renowned for its extensive network of old canals. A popular tourist activity is taking a traditional flat-bottomed boat, punted by a gondolier in a traditional hat, through these scenic waterways, which are lined with willow trees. The city is also famous as the birthplace of the poet Kitahara Hakushu and is a major destination for enjoying unagi (freshwater eel). A major landmark near the property is the historic Yanagawa Castle ruins, which are surrounded by beautiful moats and gardens, offering a glimpse into the region's samurai history.