Investment Opportunity: Owner-Change Apartment in Okayama City
This property is a used apartment located in Seikibashi 4-chome, Kita-ku, Okayama City, Okayama Prefecture. It is situated on the first floor of a 12-story reinforced concrete building constructed in July 1990. The apartment offers a 2K layout with a floor area of 57.8 square meters and faces west. The building has a total of 182 units and is managed by Daikyo Astage Co., Ltd. under a full consignment management agreement, with a daytime building superintendent.
The property is being sold as an owner-change (オーナーチェンジ) investment, meaning it is currently tenanted and the existing lease agreement will be inherited by the new owner. The current annual rental income is 1,380,000 yen, with a current yield of approximately 11.04% as of August 2025. The estimated annual rent when fully occupied is also 1,380,000 yen, with an estimated yield of 11%. Please note that the yield is calculated as the ratio of annual rental income (including common area fees, etc.) to the sale price, and is before deducting property taxes and other necessary maintenance costs. Furthermore, rental income is not guaranteed to be obtained reliably in the future.
The apartment features an electric shutter gate at the entrance. It is located along National Route 30, making it a street-facing property. The monthly management fee is 8,600 yen, and the monthly repair reserve fund is 11,560 yen. There is no available parking space. The land ownership is freehold (divided ownership). The property is immediately available for transfer.
The location offers excellent convenience, being a 4-minute walk from Seikibashi Station on the Okayama Electric Tramway Seikibashi Line. The surrounding area is well-equipped with daily amenities, including a supermarket (Tenmaya Happy's Okayama Store) about 600 meters away (8-minute walk), a convenience store (Seven-Eleven) about 280 meters away (4-minute walk), a post office (Okayama Seikibashi Post Office) about 190 meters away (3-minute walk), and a bank (Bank of China, Seikibashi Branch) about 210 meters away (3-minute walk). Nearby schools include Seikibashi Elementary School (about 180 meters away) and Okayama Junior High School (about 370 meters away). Okayama University Hospital is also within walking distance at about 770 meters.
