Plaza Towa: A Prime Investment Apartment Building in Fukuoka's Central Ward
Plaza Towa is a well-established apartment building presenting a significant investment opportunity in the sought-after Chuo Ward of Fukuoka City. This four-story reinforced concrete structure, built in April 1991, comprises 35 individual 1K studio units. The property boasts a substantial total building area of 943.04 sqm (approximately 285.26 tsubo) situated on a land area of 609.91 sqm (approx. 184.49 tsubo). It is currently fully tenanted, offering immediate rental income.
Critical investment details from the agent's notes are provided for transparency. The projected annual rental income at full occupancy is 18,263,180 yen, leading to a projected yield of 5.1%. It is crucial to note that this yield calculation is based on the annual rental income (including common service fees) against the sale price, and is presented before the deduction of taxes, public charges, and other necessary maintenance expenses for the property. Furthermore, the projected rent and yield are calculated based on prevailing market rents, assuming full occupancy by adding estimated rents for any vacant units. Most importantly, the agent explicitly states that rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of February 1, 2026). An additional special note confirms the property is "Currently Leased (Tenancy Agreement Takeover Required)."
The building offers parking facilities and enjoys excellent accessibility, being just a 1-minute walk from the Nishitetsu Bus "Baikouen" stop and a 10-minute walk from the Ropponmatsu Station on the Nanakuma Subway Line. The surrounding neighborhood in Baikouen 2-chome is highly convenient, with a Sunny supermarket within a 5-minute walk. The area is a pleasant residential district within Fukuoka's bustling center. A notable nearby landmark is the Fukuoka Castle (Maizuru Park) ruins, a historic site and popular scenic spot located a short distance away, offering a blend of urban living and cultural heritage.
