Property Overview: Apartment Building for Sale in Okayama

This property is a multi-unit apartment building located at 2-2-751 Sakuragaoka Higashi 2-chome, Akaiwa City, Okayama Prefecture. The building is a lightweight steel frame structure, completed in July 2007, and comprises a total of 6 units. The total land area is 495.87 square meters (approximately 150.00 tsubo), and the total building area is 324.42 square meters (approximately 98.14 tsubo), divided into 157.65 square meters on the first floor and 166.77 square meters on the second floor. The property is currently tenanted (owner-change), with an expected yield of 6.7% (annual rent of 3.23 million yen). The building has a parking lot with a monthly fee of 1,100 yen per space. The property is located in a Category 1 residential zone with a building coverage ratio of 60% and a floor area ratio of 200%. The road frontage details are as follows: north side faces a 9.5-meter-wide road, east side faces a 5.1-meter-wide road, and west side faces a 15-meter-wide road. The land shape is described as having an extended site area. The nearest bus stop is "Sakuragaoka Chugakko Iriguchi" on the Matsuki-Shimoichi Line, located 30 meters away (approximately a 1-minute walk). The property is within the school district of Sakuragaoka Elementary School (1,600 meters away) and Ennashi Junior High School (4,600 meters away). The land is freehold ownership. The property is listed as a single-building apartment sale with a negotiable delivery date. The listing agent is Hokubi Co., Ltd., located in Okayama City's Kita Ward.