Large-Scale Renovated Investment Apartment Building with Shops in Okayama City

This is a 16-unit apartment building for sale, presenting a turnkey investment opportunity with existing rental income. The property, constructed in July 1997, features a steel-frame structure and stands four stories tall. The total land area is 310.12 sqm (approximately 93.81 tsubo), with a building area of 109.01 sqm (approximately 32.98 tsubo). The layout consists of two commercial shop units and fourteen 1K (one-room with kitchen) residential units, all with separate bathrooms and toilets.

Critical agent notes have been translated: The road access details specify a single-sided road to the northeast, a 27-meter wide public road with an 18-meter frontage. Important remarks include: the annual income calculation includes revenue from solar power generation sales; a large-scale renovation was carried out around 2020; and the property will be handed over in its current condition (as-is). The property is currently tenanted, ensuring immediate cash flow for the new owner. Additional features include parking available for three or more vehicles at a cost of 5,000 yen, and the land is in a Category II Residential Zone within an urbanization promotion area.