Investment Property Portfolio in Kurashiki, Okayama

This property listing presents a portfolio of two recently constructed residential buildings located in Kurashiki City, Okayama Prefecture. The portfolio consists of a lightweight steel frame building, built 3 years and 10 months ago, containing 24 units of 1LDK layout, and a 2x4 wood-frame building, built 1 year and 10 months ago, containing 4 units (2 units of 1LDK and 2 units of 2LDK). The total number of units is 28. The property is situated at 40-40 Kurashiki, Okayama Prefecture, and is a 17-minute walk from Nishitomii Station on the Mizushima Rinkai Railway. The land area is 1218 square meters (approximately 368.45 tsubo) with a building area of 996.41 square meters (approximately 301.41 tsubo). The building is three stories high. The property is zoned as a Category 1 Residential Area with a building coverage ratio of 60% and a floor area ratio of 200%. The land is flat and the road frontage is 29.8 meters on a 4-meter wide private road to the east. The property includes a designated position and paved road. The property is currently tenanted and being sold as an owner-change. The estimated annual rental income when fully occupied is 22,068,000 yen, yielding a 4.79% return. Equipment and facilities include propane gas, water supply, sewerage, gutters, a delivery box, a boiler-type hot water system, electricity, a dedicated toilet, a separate bath and toilet, a warm-water bidet toilet seat, a shower, an indoor washing machine space, internet connectivity, and bicycle parking. Special notes indicate the property is a lightweight steel frame building built 3 years and 10 months ago, and a wood-frame building built 1 year and 10 months ago, both are relatively new constructions. The total estimated rental income for both buildings combined is 22,068,000 yen per year with a yield of 4.79%.