Flex T Apartment Building in Tsuyama, Okayama
This property is a four-unit apartment building for sale, located in the Kaminocho district of Tsuyama City, Okayama Prefecture. Constructed in December 1998, the wooden two-story structure has a total floor area of 122.4 sqm (approximately 37.03 tsubo) situated on a land plot of 146.6 sqm (approximately 44.35 tsubo). The building currently generates rental income with a gross yield of 13.0% when fully occupied, comprising three 1R studio units and one 3DK family unit.
Critical agent notes have been translated and provide essential details. The property's equipment and facilities include propane gas, public water supply, sewer system, air conditioning, heated toilet seats, and CATV. Special notes on road access specify: south-facing frontage on a 4-meter wide private road, with a 9-meter wide contact surface. The land has a designated location and is paved.
The land is zoned as Category 1 Residential, with a building-to-land ratio of 60% and a floor area ratio of 160%. It is located in a non-lineated urban planning area, and no notification under the National Land Use Planning Act is required. One free parking space is available for tenants. The property is sold under an exclusive intermediary agreement.
The area of Tsuyama is rich in history, once serving as the castle town of the Matsudaira clan. A major nearby landmark is the impressive Tsuyama Castle, also known as Kakuzan Park, which is famous for its stunning cherry blossom displays in spring. The property offers a solid investment opportunity in a city with deep cultural roots and scenic attractions.
