Investment Opportunity: Apartment Building in Okayama City

This is a multi-unit apartment building for sale, located in Okayama City's Kita Ward. The property is situated in the Kyobashi Minamimachi area, offering a convenient urban location. It is a 4-story steel-framed building constructed in November 1984, with a total of 7 residential units. The building sits on a land area of 88.55 square meters and has a total floor area of 228.45 square meters. The property is currently tenanted (owner-change), providing immediate rental income.

The property includes one free parking space. It is located in a commercial zone with a building coverage ratio of 80% and a floor area ratio of 400%. The nearest station is Higashi-Chuo-machi Station on the Okayama Electric Tramway Seikibashi Line, which is a 5-minute walk (400 meters) away. The property is designated as a quasi-fireproof area and fronts a 4.5-meter-wide public road to the south.

According to the agent notes, as of September 26, 2020, 3 out of the 7 units were vacant. Please note that a designated management company is in place, and the gas company cannot be changed. The property is listed for sale at 33,000,000 yen.