Investment Opportunity: The 5th ASK Park Heights Apartment Building in Tsuyama

This property presents a compelling investment opportunity as a multi-unit apartment building located in Tsuyama City, Okayama Prefecture. The building, named "The 5th ASK Park Heights," was constructed in December 1988 and features a steel-frame structure across four stories, encompassing a total floor area of approximately 308.69 square meters (93.38 tsubo). The land area is 212.69 square meters (64.34 tsubo). The property is currently fully tenanted, offering an estimated current yield of 14.21% and a potential yield of 20.63% at full occupancy.

Key facilities and equipment for the units include propane gas, air conditioning, hot water supply, and shower facilities. A notable feature is the inclusion of one free parking space for tenant use. The property is situated in a convenient location with numerous commercial facilities nearby, including La Muu Tsuyama store (773m) and a Seven-Eleven convenience store (876m). The transaction is handled as a general brokerage.

Tsuyama City is a historical center in northern Okayama Prefecture, known for its well-preserved samurai district. A major local landmark is Tsuyama Castle Ruins (Kakuzan Park), a historic site with beautiful cherry blossoms, located approximately 1.8km from the property. The area offers a blend of urban convenience and cultural heritage, making it an attractive location for residents.