Income Apartment Building in Okayama City's Mansei Nishimachi Area

This property is a multi-unit apartment building for sale in the Mansei Nishimachi area of Kita-ku, Okayama City, Okayama Prefecture. The building is a two-story lightweight steel frame structure with a total of 8 units, built in December 1984. The total floor area is 143.66 square meters (approximately 43.46 tsubo), with each floor covering 71.83 square meters. The land area is 165.28 square meters (approximately 50.00 tsubo). The property is currently tenanted and being sold as an owner-change investment, with an estimated yield of 12.51% and an annual rent of 1,750,000 yen.

The property features propane gas, a public water supply, a septic tank, a water heater, electricity, private toilets, and bathrooms with integrated toilet and shower facilities. The road frontage details indicate a private road to the east with a width of 3.5 meters and a frontage of 4 meters, and a public road to the west with a width of 3.4 meters and a frontage of 4 meters. The property is located in a Category II medium-to-high-rise residential zone within an urbanization promotion area. The building coverage ratio is 60% and the floor area ratio is 200%. The property has no car parking. The nearest station is Bizen-Sanzai Station on the Kibi Line, approximately 1,600 meters away (about a 20-minute walk). The property is also within walking distance of elementary and junior high schools.

Important notes from the listing: The western road is a public road but does not conform to Article 42 of the Building Standards Act. The price has been changed. This property is subject to management conditions. The property is located in Okayama City, which offers a mix of urban convenience and access to regional attractions.