Investment Opportunity: Six-Unit Apartment Building in Okayama City

This property is a six-unit apartment building located in the Minamikata 3-chome area of Kita Ward, Okayama City, Okayama Prefecture. The building is a two-story wooden structure with a zinc-galvanized steel plate roof, constructed in February 1984. It offers a total floor area of 139.12 sqm (approximately 42.08 tsubo) on a land area of 174.84 sqm (approximately 52.89 tsubo). The property is currently tenanted, presenting a turnkey investment opportunity with immediate rental income.

Key facilities and equipment include propane gas, city water supply, sewer system, electricity, and a combined bath and toilet unit. The property also features a bicycle parking area. Important special notes indicate that the sale comes with management conditions attached. Furthermore, the road access on the northeast side is classified as a "2-ko road" (a specific type of road under Japanese building regulations), which is a critical detail for potential redevelopment or construction.

The building is situated in a quiet residential zone, specifically a Category II Exclusive Residential District within the urbanization promotion area. The floor-area ratio is 200% with a building coverage ratio of 60%. The location offers excellent convenience, being just a 14-minute walk from Hokaien Station on the Tsuyama Line, providing direct access to central Okayama.

The surrounding Kita Ward is a central and well-established part of Okayama City, known for its blend of residential calm and urban amenities. An interesting local fact is that Okayama is famously nicknamed the "Land of Sunshine" due to its exceptionally sunny and mild climate. The area is also steeped in history and culture, with the iconic Okayama Castle and its beautiful black exterior, along with the renowned Korakuen Garden—one of Japan's three great gardens—located just a short distance away, offering residents and visitors a stunning historical and scenic landmark.