Felt 716

Japanese apartment building for sale in Kitakyushu City of Fukuoka Prefecture.

Building Name:  FELT 716
Type:                Apartment Building
Access:            JR Kokura Station - 450 metres - 6 minute walk
Price:          1,150,000,000 JPY (1 Billion 150 Million Japanese Yen)

Address:  4-5-22 Kyomachi, Kokura Kita Ku, Kitakyushu Shi, Fukuoka Ken, Japan
Room Types:  1LDK x 9 * 2K x 9 * 2LDK x 27 * Shop/Office x 1
Land Size:  916.60 square metres / 277.27 tsubo
Building Size:  2538.35 square metres / 767.85 tsubo
Building Construction:  RC (reinforced concrete) Construction
Floors:  10 floors
Ownership:  Freehold
Land Category:  Residential Land
Urban Planning:  Designated For Urbanization
District/Area Classification:  Commercial
Building to Land Ratio:  80%
Floor Area Ration:  400%
Other Rules / Laws:  Semi Fire Prevention District
Constructed:  March 2008 (Heisei Year 20)
Parking:  Yes - 38 Parking Spaces
Current Status:  Rented Out / Tenanted / Occupied
Transfer:  TBD
Road Border:  Borders a 9 metre wide public road on the south side by 45 metres

Other Details:  
Sub-Lease Service (guaranteed rent and parking fees)
Monthly Income Approximately 4,329,941 JPY
Annual Income Approximately 51,953,892 JPY
Gross ROI (hyomen-rimawari) 4.8%

Felt 716 is an excellent apartment building of high quality construction in an absolutely superb location.  It is convenient to both Kitakyushu's most major train and monorail station, Kokura Station and near shopping centres and arcades. Due to it's closeness to JR Kokura Station and its large parking lot, this is highly recommended.  When tenants / renters do leave, finding new ones should be no problem!

If you are considering investing in a Japanese apartment building in Kitakyushu, you should seriously consider the Felt buildings we currently have listed for sale.

It might be Japanese English, but "Owner Change" is good!

"Owner Change", pronounced here as oh-nah-change-ee.  Some might scratch their heads at it, but it's pretty clear.  The property for sale has tenants.  The owners change.  The property and tenants remain.  Hence, owner change.

There are a lot of owner change properties in Japan at the moment.  They are pretty straight forward and easy investments that tend to get snapped up fast.  We just had one nearby that was only about $8,000 USD but the ROI was a whopping 45%.  Needless to say, it sold about the instant it was listed.  The good thing about so-called owner change properties is that you'll be getting rent payments from the get go.  Also, you'll know exactly how much to expect every month.

Skeptics and wall flowers will say "There must be something wrong with it if she's selling it."  Or, "Why would they sell a unit that is making them steady income every month?"  Rest assured it is not because every property has suddenly become defective or a murder site.  Granted, you should still do the due diligence before you invest, but think about it for moment...  Japan's population is aging.  Landlords are passing away, and properties are getting sold by the beneficiaries.  As the population ages, people want to cash in on their investments and live the good life.  See.  These owner change properties can give you the good life.

Persons interested in investing in owner change properties are encouraged to contact us about investing in Kitakyushu, Fukuoka Japan.      

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