Investment Apartment Building in Hakozaki, Fukuoka City
This property is a wooden two-story apartment building located in Hakozaki 2-chome, Higashi-ku, Fukuoka City, Fukuoka Prefecture. The building was constructed in February 2005 and comprises a total of seven residential units, each with a 1K layout and a dedicated area of approximately 18 square meters. The total floor area of the building is 127.74 square meters, situated on a land plot of 133.8 square meters, which includes a setback area of approximately 7.9 square meters. The land is zoned as a Category 1 Medium-to-High-Rise Residential District and a Commercial District, with building coverage ratios of 60% and 80%, and floor area ratios of 200% and 400%. The property is subject to Type 2 20-meter height restrictions.
The building is currently tenanted, with all seven units occupied. The current monthly rental income is 255,100 yen, resulting in an annual rental income of 3,061,200 yen. The current surface yield based on the sale price is approximately 6.5%. It is important to note that the yield is calculated based on the annual rental income (including common area fees) relative to the sale price, and does not deduct property taxes or other necessary maintenance expenses. The assumed rent and yield are calculated based on market rent levels and assume full occupancy. There is no guarantee that this rental income will be consistently obtained in the future.
The property offers excellent access to public transportation, being a 5-minute walk from Hakozaki-Miyamae Station on the Subway Hakozaki Line and a 9-minute walk from Hakozaki Station on the Kagoshima Main Line. Nearby amenities include the Lumière Hakozaki store (about 7 minutes on foot), Hakozaki Central Park (about 4 minutes on foot), Hakozaki Post Office (about 2 minutes on foot), a Lawson convenience store (about 3 minutes on foot), and the Fukuoka Prefectural Library (about 4 minutes on foot). Hakozaki Elementary School is approximately 160 meters away, and Hakozaki Junior High School is about 2,530 meters away. The property has no parking facilities. The land is freehold and designated as residential land. The property faces a public road of approximately 2 meters on its southwest side.
