Investment Opportunity: Green Heights A & B Apartments in Kurashiki, Okayama
This listing presents Green Heights A and B, a pair of steel-framed apartment buildings constructed in February 1992, located in the quiet residential area of Chayamachi, Kurashiki City, Okayama Prefecture. Currently fully tenanted, this is an owner-change investment property promising immediate rental income upon purchase, with an estimated yield of 7%. The property comprises a total of 14 units across two two-story buildings.
According to the agent's special notes, the parking situation is a significant feature: there is parking available for three or more vehicles, and parking for three or more cars is free. A further remark on parking notes that vacancy information is as of around January 2026.
The property sits on a sizable plot of approximately 976.77 sqm (about 295.47 tsubo), with a total building area of 653.34 sqm (approx. 197.64 tsubo). It is situated within a First Category Low-Rise Exclusive Residential Zone, with a building-to-land ratio of 50% and a floor area ratio of 100%. The location offers excellent convenience, being just a 3-minute walk to Chayamachi Elementary School, a 10-minute walk to Toyo Junior High School, and a 7-minute walk to Chayamachi Station. The area is well-equipped with daily living amenities.
The Kurashiki area is famously home to the Kurashiki Bikan Historical Quarter, a beautifully preserved district of white-walled storehouses and merchant homes along a willow-lined canal, offering a picturesque glimpse into Japan's Edo period. This major tourist attraction is a significant cultural asset and draws visitors from around the world, adding to the region's charm and stability.
