Investment Opportunity: Harmonytown Kawabe Apartment Complex in Tsuyama, Okayama
This listing presents a substantial investment property: the Harmonytown Kawabe apartment complex, located in Tsuyama City, Okayama Prefecture. The property consists of five separate buildings, collectively housing 20 rental units. Each building is a two-story structure built with light-gauge steel framing and slate roofing, constructed in December 1992. Every unit within the complex features a 2LDK layout, with a consistent floor area of 101.62 square meters on both the first and second floors, totaling 203.24 square meters per building.
Critical agent notes provide essential financial and legal details. The property is situated on a 2,298.98 square meter plot of land. The road access details specify a one-sided road to the west, 6 meters wide, with a 55-meter private road frontage. The land has a designated location and is paved. The financial performance is a key highlight: as of July 2025, the complex is fully occupied. The projected full-occupancy yield is an impressive 11.60%, with an estimated annual rental income of 14,220,000 yen.
