Investment Apartment Building in Tsuyama, Okayama
This property, known as Yamamoto Co-op, is a steel-frame apartment building located in the Kawasaki area of Tsuyama City, Okayama Prefecture. The building sits on a substantial land area of 1007.22 square meters and offers a total floor area of 578.36 square meters spread over two floors. Constructed in March 1980, the building comprises 12 residential units, each with a 2DK layout including a 6-tatami Japanese-style room, a 6-tatami Western-style room, and a DK (dining kitchen) area. The property is currently tenanted and is being sold as an owner-change (オーナーチェンジ) opportunity, with an existing gross yield of 12.00% based on full occupancy.
The property benefits from a corner lot location with road access on three sides. To the south, it faces a 4.2-meter-wide public paved road. To the west, there is a 3.6-meter-wide public paved road. To the north, there is a 6-meter-wide private road with a designated position. The property offers parking for three or more vehicles, with one parking space provided free of charge. Utility connections include city gas, public water supply, public sewerage, and air conditioning. Each unit has a dedicated toilet, a separate bath and toilet, a shower, and a water heater. The site is located in a Category 1 Residential Zone within a non-line-drawn urban planning area. The building coverage ratio is 60%, and the floor area ratio is 200%. The nearest station is Higashi-Tsuyama Station on the Kishin Line, approximately 430 meters or a 6-minute walk away. The property is subject to Tsuyama City's landscape planning general area regulations.
